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Is there any Balance Transfer offer on a personal loan? Are there any benefits of this balance transfer?

By IndianMoney , 1 year ago

Yes, some banks allow you to transfer the current balance on your current personal loan from the current bank to a new one. In the case of a balance transfer, you will be benefited from the lower interest rate offered by the new lender. However, there will be some charges applicable for a balance transfer.

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