Why Balance Transfer is the best choice now?
With the rise in income level gaining momentum, the needs and wishes of people also have risen considerably. Debt has now taken a huge part of our life. This is because many of us salaried or self employed individuals prefer to take a loan in order to fulfill any need i.e. a home loan to purchase your dream house, a car loan to purchase your favorite car, business loan to give that extra push to your existing business, personal loan for any needs etc.
We take the loan after researching the best options and sign the loan application deciding the loan tenure and rate of interest. In case you have a long term loan, there is a possibility that during the tenure of your loan, the rate of interest in the market will fluctuate higher or lower. With this, we would like to direct your attention to the latest news in the market;
“NBFC hikes interest rates on lending by 2%”
What does this news mean to you?
As a customer, this is a worrying time for you. This is because your loan EMI will be higher than ever which means reduced savings and burden on your personal expenditure.
Is there a way out?
Get RuLoans Distribution Services Pvt Ltd’s stories in your inbox
Join Medium for free to get updates from this writer.
Yes. We at Ruloans strive to work for our customers and their well being. We believe in helping our customers borrow right. We have been doing that since the past 2 decades. Looking at the current trend, we have a solution that can help you save a lot of money.
What is the solution?
Balance Transfer. By utilizing this option, you can shift your current loan from the existing lender to the new lender. Judging by current standards, you might take this decision because NBFC’s have increased their interest rate lending by 2%.
Benefits of a Balance Transfer:
The first benefit of a balance transfer is lower interest rates. Shifting to a new lender would make sense only when the rate being offered is lower than what you are currently repaying. The second benefit of a BT would be better loan terms and conditions being offered by the new lender. With this, you could save more money. Finally, the third benefit of taking a BT would be the possibility of the new lender ready to offer you an extra top up loan over your current loan. With this extra amount, you could consolidate smaller debts, clear expenses etc.
Why take a BT from Ruloans?
With over 2 decades of experience, Ruloans is a major market player and is customer centric. We look closely at trends and help the customer get the best deal always. By logging on to our web portal, you can apply for a BT easily. You can compare loan options from major Banks in the market and choose the best deal as per your requirement.
Hence, you don’t need to worry about paying more EMI than anyone. With a loan balance transfer from Ruloans , make your life easy again.
