BANK LISTS
Business Loan Balance Transfer
The Business Loan Balance Transfer is a process of transferring the outstanding balance of your business loan at your old rate of interest from your existing bank to a new bank of your choice offering you a lower rate of interest.
Business Loan Balance Transfer can be undertaken to reduce your EMIs by moving over to a lender who offers you a lower rate of interest or you can also choose to authorize such a transfer if you are dissatisfied with the services of your current lender.
Business Loan Balance Transfer Features
- Better Rate of Interest
Easy Terms and Conditions
Extended Loan Tenure
Business Loan Balance Transfer Features
Lower Rates of Interest
A balance transfer allows you to transfer your debt to a bank charging you a lower rate of interest than your current lender. Resultantly, you enjoy better rates and reduced EMIs.
Save More
A balance transfer facility, which offers you a lower rate of interest, eventually materializes into decreased EMI payments. Thus you save a huge amount by paying lower value EMIs
Better Service
Lenders offer you better services in terms of processing fees, waivers, last EMIs, etc. You might even find well-known lenders offering you better services, and customize your transfer facility accordingly.
Top Up Loan on Business Loan
Times arise when extra funds for multi-purpose uses are required when you have taken a business loan. Business loans give you access to funds for business purposes such as working capital, technological advancement, operations scale-up, etc. A top-up business loan on the other hand gives you the opportunity to avail extra funds over and above your existing business loan. A top up loan allows you to unburden your business by availing funds directly from your lender instead of making multiple loan applications for funds.
As an alternative to multiple debt requests, you simply have to request for a top up loan from your lender. Offers from NBFCs and Banks allow you the benefits of low interest rates, longer loan tenures, and quick processing for approval and disbursal of funds. This proves to be a one-stop solution for quick funds in emergencies. Take your pick of top up business loan options offered by Ruloans in association with well-known partner banks and NBFCs, and chat, email, or call 1800 2667576 to apply for a Business Loan Top Up.
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