Deal4loans.com intros Online Home Loan Balance Transfer Calculator
Deal4loans.com has launched an online home loan balance transfer calculator which instantly calculates how much one can save by switching his home loan. It is estimated that all one need to do is insert his existing home loan rate and prepayment charges and based on that it gives him the instant quote of four other bank rates and tells the person how much he can save. With prepayment charges being reduced to nil- the opportunity for the customer to save by changing the home loan bank is big.
It is believed that one can check how much he can save by transferring his existing loans to some other bank at lower rates with a simple calculation available in Deal4loans.com.
Switch to save is said to be a phenomenon that is rapidly gaining in popularity, particularly as consumers search for ways to limit their spending during these financially challenging times. By accessing the Home Loan Balance Transfer Calculator it is claimed that one can save in his hard earned money. Even a 1.0% reduction in the interest rate can save one's more money than Rs.1.5 lakh on a loan of 10 lakh over a 20 yr period. This is very much simple as one just need make a few calculations and check out the difference.
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