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home loan balance transfer in Mumbai (Mumbai , India, Other Countries)

home loan balance transfer in Mumbai is the best option to save on your existing home loan. It is a process where a housing loan is paid off using another loan. Generally, borrowers transfer the balance of a loan in order to attain lower rates of interest. In case a bank or other financial institutions are unwilling to reduce the interest rates on a particular loan, it can always be refinanced with a help of another bank.

Eligibility: Age: Min age at the time of loan is 21 and Repayments have to be completed before the age of 60 or 65. Profile: Salaried/ Self Employed Professionals/ Self-employed for at least 3 years of which current employment should account for at least 1 year. The applicant must have a clear history of 12-18 months’ worth of unbroken repayments on his/her current home loan. The applicant must have a minimum work experience of 2 years, with the last 1 year spent in the current organization. For self-employed individuals, the expectation is 2 years in the same profession with the filing of the requisite ITR. http://tamodachi.com » »

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