+91 8595299017
loans@vfplcapital.com
Balance Transfer is a concept of allowing the borrower to transfer the balance loan amount from one bank or financial institution to any other bank or financial institution for better terms & conditions.
Top Up is a facility provided to borrower, under which individual can borrow a certain extra amount of money over his existing loan.
Why we should go for Balance Transfer?
- Low rate of interest – After taking a loan if at any time it is realized that many other banks and financial institutions are providing the same loan at lower rate of interest, it is better to go for balance transfer option.
- Low EMI – Due to lower interest and long tenure, EMI can be decreased by looking for the other options in the market.
- Tenure Period - Tenure can be changed as per the new terms & conditions resulting from balance transfer with other bank.
- Better Features - Many banks can offer the certain better features like zero processing fee, waiver of any other charges etc.
- Customer Service - To avoid the service issues with the current lender, existing loan balance can be transfer to any other bank or financial institution for better services.
Why to Contact us for balance transfer and top up options?
- 1. We have a very wide range of product options with better interest and excellent support services.
- 2. For the Top ups we will arrange the higher top ups and even lower rates by suggesting you the better ways to restructure the loan scheme.
Documents Required
- Duly signed application form
- Passport size photograph
- Identity Proof (PAN card/driving license/passport/voter ID/Aadhaar Card etc)
- Age Proof (PAN card/driving license/passport/voter ID/Aadhaar Card etc)
- PAN Card copy (Mandatory)
- Address Proof (Aadhaar Card/Passport/ Landline Bill/ Latest Electricity bill/Rent agreement etc)
- Last 6 month bank statement of salaried individual and business entity also in case of self-employed.
- Salary slip for last 3 months in case of salaried individual and 3 years balance sheet in case of self-employed.
- Statement of personal loan from current lender.
Below points must always be considered before going for the balance transfer & top ups:
- Always check for the new offers.
- Read all the terms and conditions carefully.
- Analyze the options from all aspects as per the requirements.
- Be careful for the other costs involved.
- Always compares the offers and choose the one with the best potential savings.
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