COMPARE APPLY ONLINE BALANCE TRANSFER

ABOUT BALANCE TRANSFERS

Credit card balance transfers can be a confusing topic whether you're new to credit cards or have used many different cards in the past. A balance transfer is a way of partially or fully paying the balance of one of your credit cards with another credit card. Balance transfers usually incur a fee and take from a few hours to a few days to complete. When you do a Balance Bransfer from one credit card to another, the balance on the first card reduces by the same amount as the second balance increases. The balance transfer fee will be charged by the credit card from which you are making the payment.

WORK FOR CREDIT CARD BALANCE TRANSFER

A balance transfer is a transaction where existing credit card debt is moved to another account with a different card issuer. Effectively, a card issuer pays off the balance from another issuer’s account, which then becomes a debt with the issuer’s own account. Many credit card issuers offer new applicants the chance to transfer a balance and pay 0% APR, or a reduced APR, on the transferred amount for a limited time. Also, most credit card issuers will impose a balance transfer fee of 3% or 5% of the amount transferred, especially on promotional financing offers with 0% APR.

BENEFITS OF DOING A BALANCE TRANSFER

There are two main reasons why people do balance transfers: to save money by paying less interest or to clear all or part of the balance on the receiving credit card so that it can be used for another purpose./>

HOW LONG DOES A BALANCE TRANSFER TAKE

After we approve your request, the transfer will normally arrive by the next working day. Working days do not include weekends or bank holidays. Please continue to make payments to any other credit or store cards you have until the transfer shows on your statements.

TYPE OF BALANCE TRANSFER

HOME LOAN BALANCE TRANSFER

Refinance/balance transfer of a home loan can be done when the outstanding amount is high.

When the balance transfer cost is low.

When you are getting a better deal from another lender.

When you are getting favourable terms.

For flexible tenure.

Transfer to a lender who allows pre-payment/part-payment.

For a lower interest rate.

PERSONAL LOAN BALANCE TRANSFER

When you are getting a lower-interest-rate offer from another lender.

When the other lender is offering a balance transfer facility and providing you better deals.

When you can save more (doing the calculation is a must before you come to this conclusion.)

CREDIT CARD BALANCE TRANSFER

When you realize you are paying more on your credit card interest rate.

Apply for a card with an introductory 0% APR offer on balance transfer

When there is a high outstanding amount on your card.

When you get a balance transfer card which offers facilities as per your requirements.

HOW TO APPLY FOR A BALANCE TRANSFER

Check your outstanding balance and interest rate

Look for better deals for the same product

Check for the balance transfer facility with the new lender

Do proper calculation and analysis

Do not ignore the pre-closure charges and new processing fees.

ONLINE APPLY OUR WEBSITE

Apply online balance transfer Option providing you go to our website Apply Now