“I was not too keen on transferring my home loan. But after checking my loan with Test My Loan, I realised I could save more than 3 lakh with minimum effort.”
“Test My Loan opened my eyes to major savings on transfer of my home loan. The team has good knowledge of home loans and guided me on every step. Highly recommended.”
“Thank you Test My Loan. You made it super easy to transfer my home loan from an expensive one and save me Rs. 4.5 lakhs. And a top up loan with quick approval process.”
A unique loan assistance
service that helps
you save big on your existing
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.
Enter your current
Enter current rate
of interest and
See how much you can save on monthly EMIs by transferring your loan to another lender.
Know your total savings on home loan interest by reducing your loan tenure
See how much top-up loan you can get on the lowest home loan interest
Test My Loan sends you a detailed loan savings report based on your inputs. You can choose to apply online for a balance transfer or a top-up loan and we will take it from there to reduce your loan interest burden.
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.
Most home loan EMIs are typically large payments you need to make every month. Which can leave you with little money for other expenses.
Test My Loan can help you raise additional funds with a top-up loan on your current home loan.
If you have a good credit record with your lender, and pay your EMIs without defaults, banks will be happy to offer you a top-up loan on your existing home loan at the same interest rates.
You can use these additional funds for any personal use at the lowest possible interest applicable on a 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.
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