Financial Intelligence & Practical Guides

Rate Differential: The new lender offers at least 0.50% lower ROI than your current rate.
Remaining Tenure: You have at least 7 to 10+ years remaining on the loan. Balance transfers in the final 3-5 years yield negligible savings because most interest is already front-loaded.
Switching Costs: Processing fees, MODT (Memorandum of Deposit of Title Deeds) stamping, and legal inspection fees should ideally be recovered within 6 to 9 months of EMI savings.

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