Kotak Mahindra Bank Personal Loan Balance Transfer
A Personal Loan is convenient finance available at the time of need .This amount can be used to meet unexpected expenses & emergencies.
After procurement of the loan paying the monthly instalments on time is imperative to maintain a good track record & a CIBIL Score.
If the rate of Interest applicable is too high then paying back the EMI can be a heavy burden on our expenses .In this scenario the best option available to you is to reduce your current EMI to suit your budget by taking a Balance Transfer of your Personal Loan to Kotak Mahindra Bank.
Balance Transfer of a personal loan is a process by which you can opt to close your current loan with an external Bank by transferring the remaining principal amount to Kotak Mahindra Bank.