Balance transfer is the process of transferring your existing financial service from one financial institution to another for a better rate of interest or for a longer tenure or to stretch the eligibility.
If one have multiple financial services in different institutions , all financial services can be transferred to one bank for a better deal. Also this will also help you in remembering the dates of repayments.
Tax Benefit : Tax benefit conditions remain same as home financial services.
Actif Solutions allows you to consolidate multiple financial service accounts into one, simplifying your finances by consolidating various payments into a single monthly payment.
Balance transfer can be done to stretch the eligibility to give top up financial services which helps in closing the other petty financial services which is running at higher rates.
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