We test your existing home loan to calculate the current cost of your loan, and your savings by transferring it to another lender, either a bank or an NBFC.
Once you know exactly how much you can save in your home loan EMIs or on the total repayment of your loan, we make it easy to transfer your loan with zero hassles.
With Test My Loan, you can easily reduce your monthly EMIs and total interest payment over the loan tenure. Imagine saving lakhs in interest over the entire loan period or thousands in EMI every month.
We give you the option to reduce the tenure of your existing home loan, or take a top-up on your current home loan. Test My Loan instantly tells you the top-up loan amount available without any increase in your current EMI.
You can use your top-up home loan to repay more expensive loans like credit cards or personal loans and ease your debt burden.
Once your EMIs start, most people don’t bother to switch their loan to a lower offering. And the process of applying for a home loan transfer can be complex and time consuming. That’s where we come in.
With Test My Loan, you can choose to reduce your remaining tenure of the loan and save significantly on monthly EMIs and total interest you pay to the bank.
It’s not always easy to calculate your balance transfer savings. At Test My Loan, we make it super simple to know the interest you can save if your switch to a lower interest loan.
We do all the necessary paperwork for a smooth transition to your new loan and get you the lowest interest rates for your balance transfer.
At Test My Loan, we have designed an intelligent algorithm that works basis a few inputs from you. It calculates your total savings on loan interest payments or the reduction in your monthly EMI or even how much top-up loan you can get.
With Test My Loan, the process of reducing your home loan burden is simplified. We do all the running around, paperwork and coordination with the banks so you don’t have to waste your precious time.
Our home loan experts guide you on which option is best for your specific case. We analyse your current home loan and offer the most prudent financial choices that work for you.
Choose to save on your monthly EMIs, save on your total loan repayment cost, or get additional funds as a top-up on your home loan.
We always recommend that you close the most expensive loans first. So use a top-up funding to clear credit card outstanding or close personal loans which cost you much more than a home loan.