Many times our hard earned money disappear due to very high cost credit instruments – it could be high interest loans, or the plastic credit card in your pocket – allowing credit cards to take away your money charging very high interest rates is the biggest mistake that we witness.
We suggest that you seriously consider Balance Transfer to reduce your interest outflow – optimize it according to your current situation and save significantly on your interest dues, and avail of a better deal.
Balance Transfer-on-EMI is a facility provided by multiple FundsTiger Lending Partners that allows you to transfer the outstanding balance from your other bank credit cards to our Lending Partner Bank Credit Card and repay it in easy monthly installments at a lower interest rate. It is an easy simple way to get rid of a huge debt burden with manageable interest outgo per month. Many times you can choose between loan tenures of 3, 6, 9, 12, 18 and 24 months, and choose lower rate of interest for those durations. There may be a small processing fee which is a percentage of the Balance Transfer value.
We have witnessed that balance transfer happens when borrowers go a loan balance transfer from one lender to another, usually to reduce interest burden or consolidate the loans. Mostly, balance transfer is a very common and prevalent practice in USA and developed economies where you transfer your outstanding debt from a high interest credit card, to a lower interest rate credit card – and customers are provided some very good incentives including lower interest rates, lower processing fees, debt relief duration for a while to get customers.
Today, balance transfers are available for many loan instruments – including personal and business loans, and most importantly home loans – balance transfers are worth considering for high ticket loan liabilities.
In fact, FundsTiger receives a lot of applications where our customers become eligible for balance transfers because they changed jobs and now in a better credit-rated employer; new lenders in the market want to build a strong loan book, and look for credit worthy borrowers with a profitable customer-lifetime-value, and hence don’t hesitate to offer attractive balance transfer options to expand their customer acquisition process. Also, many times our customers want enhanced credit limits – either on their personal loans, business loans or credit card limits – and want to reach out and explore new lenders, banks and NBFCs which can make things happen for them.
In a nutshell – please consider Balance Transfer as a very easy way to save money, and make better financial decisions. Call us at 0 88848 00789 – and talk directly to our Financial Experts free of cost to discuss your situation for Balance Transfer options!