How to pay less interest rate with the help of Balance Transfer

People say, “It’s better to go to bed hungry than to wake up in debt”. To some extent they are right but we all are in debt of something and it’s not that bad if the debt is manageable. These days, most of the people use credit cards and India itself has about 21 million credit cards till the end of 2014. Not just credit cards, people also buy their dream house with the help of loans and the only problem they face is high-interest rate.

People also say, “Every problem has in it the seeds of its own solution”. Same goes with our debt problem because there’s always a solution. Are you paying high-interest rate which is causing you a leakage in your savings? Well, don’t worry because now there’s an option of BALANCE TRANSFER IN INDIA which will help you to pay less interest rate and save more. Moreover, to reduce the pain even more, CreditNation offer this solution to you with so much ease and comfort.

What is Balance Transfer?

Balance transfer is the process of transferring your existing loan amount to another bank for the better rate of interest. Suppose your present loan is spread over a period of 3 years at 15% and you get to transfer your outstanding amount to another bank at 12% with three more years to repay the loan. Wouldn’t it be amazing and relaxing for you to save on your EMIs, every month? You can even convert your multiple loans into one single loan with a better interest rate.

Basically, you are taking a new loan to pay off your previous loans at a lower interest rate, which helps you to save on the EMIs. You can also use top up loan apart from the payout. Balance transfer on Home loan and Loan against property, are widely used as the saving on EMI is higher.

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