{"id":5393,"date":"2023-08-28T17:33:10","date_gmt":"2023-08-28T17:33:10","guid":{"rendered":"\/blog\/?p=5393"},"modified":"2024-06-12T17:05:40","modified_gmt":"2024-06-12T11:35:40","slug":"home-loan-transfer-to-tata-capital-makes-financial-sense","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-home\/home-loan-transfer-to-tata-capital-makes-financial-sense\/","title":{"rendered":"Why You Should Transfer Your Home Loan to Tata Capital?"},"content":{"rendered":"\n<p>If you are a borrower, you couldn\u2019t have asked for anything more.\nInterest rates are falling like anything. Under control inflation and\ndemonetization have created a platform for lenders to cut rates further.<\/p>\n\n\n\n<p>So when trustworthy and dynamic new lenders are offering you to transfer\nyour existing home loan at lower rates, does it make sense to take the offer?<\/p>\n\n\n\n<p>You might feel that a reduction of 0.5 0r 1% is not significant. After all, how much of an impact this will have on your EMIs?<\/p>\n\n\n\n<p><strong>Additional Read:<\/strong> <a href=\"https:\/\/tata-blog.osian.dev\/blog\/home-loan\/keep-these-documents-ready-for-home-loan-balance-transfer\/\">What Are The Documents Required For Home Loan Balance Transfer?<\/a> <\/p>\n\n\n\n<p>But that is not true. Even a small reduction in interest rates can save\nyou lacs of rupees in long term.<\/p>\n\n\n\n<p>Suppose you have a <a href=\"https:\/\/tata-blog.osian.dev\/home-loan.html\">home loan<\/a> with outstanding amount of Rs 30 lac on which you are paying 9.75% interest. But there is another offer that you have from Tata Capital for a loan at 9%. What should you do? Should you take the switch? Or should you stay with your existing lender?<\/p>\n\n\n\n<p>One thing to note here is that only considering reduction in <a href=\"https:\/\/tata-blog.osian.dev\/home-loan\/emi-calculator.html\">home loan EMI<\/a> won\u2019t be enough. You need to consider expenses like pre closure penalty, processing fees for new loan, etc. too.<\/p>\n\n\n\n<p>Additional Read: <a href=\"https:\/\/tata-blog.osian.dev\/blog\/home-loan\/hidden-and-additional-costs-involved-while-buying-a-new-house\/\">Additional Fees And Charges Involved While Applying for A Home Loan<\/a><\/p>\n\n\n\n<p>A simple calculation shows that shifting to a 9% loan will save your about Rs 4 to 7 lacs over the course of loan. So this switch actually makes sense, even if you consider the extra charges levied by existing as well as new lender. Why should not you save some serious money when that is easily possible, Isn\u2019t it? <\/p>\n\n\n\n<p>So take advantage of the current low-rate regime. Chances are high that rates might fall further. So be on a look out and get in touch with people at Tata Capital. You are sure to find a <a href=\"https:\/\/tata-blog.osian.dev\/home-loan\/home-loan-balance-transfer.html\">home loan balance transfer<\/a> option that will save you a lot of money.<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/tata-blog.osian.dev\/home-loan.html\">Apply for Housing Loan<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you are a borrower, you couldn\u2019t have asked for anything more. Interest rates are falling like anything.<\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/home-loan\/home-loan-transfer-to-tata-capital-makes-financial-sense\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":5395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-5393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why You Should Transfer Your Home Loan to Tata Capital? - TATA Capital Blog<\/title>\n<meta name=\"description\" content=\"Learn the benefits of transfering your existing home loan to Tata Capital Home Loan. Read this home loan blog to understand the features and benefits of home loan balance transfer to Tata Capital.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why You Should Transfer Your Home Loan to Tata Capital? - TATA Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Learn the benefits of transfering your existing home loan to Tata Capital Home Loan. Read this home loan blog to understand the features and benefits of home loan balance transfer to Tata Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/loan-for-home\/home-loan-transfer-to-tata-capital-makes-financial-sense\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T17:33:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T11:35:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/01\/home-loan-transfer-to-tata-capital-makes-financial-sense-set-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"355\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-home\/home-loan-transfer-to-tata-capital-makes-financial-sense\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-home\/home-loan-transfer-to-tata-capital-makes-financial-sense\/\",\"name\":\"Why You Should Transfer Your Home Loan to Tata Capital? - TATA Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2023-08-28T17:33:10+00:00\",\"dateModified\":\"2024-06-12T11:35:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Learn the benefits of transfering your existing home loan to Tata Capital Home Loan. 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