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Can personal loan be transferred to home loan?

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Home Loan
1 2021-09-24T15:56:40+00:00
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Personal loan and home loan are two different kinds of loans. Personal loan is an unsecured loan while home loan is a secured loan type. If you are wondering can personal loan be transferred to home loan or is it even possible. I would be able to answer this for you. Find out here. Can I transfer my personal loan to home loan Unfortunately, as far as I know NO bank has provided this service so far. However there are a couple of things that you can do.
  • You can apply for a home loan and get the cheapest interest rate
Find the details on which bank offers the best home loan interest here
  • You can transfer your personal bank from one bank to another
Difference between Personal Loan and Home Loan Here are the major differences between home loan and personal loan
Home Loan Personal Loan
It is a secured loan It is unsecured loan
Can be used to buy a residential property Can be used for various purposes such as weddings, buying gadgets, paying off other loans, etc.
Longer loan tenure (up to 60 years) Shorter loan tenure
I hope now we are clear on can personal loan be transferred to home loan or not. I have checked the amount of home loan that I am eligible to get, through this, [widget_homeLoan_checkEligibility_form] This was of great help to me.
0 2022-01-29T17:20:04+00:00
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A personal loan cannot be transferred to a home loan. A personal loan is an unsecured loan while a home loan is a secured one. You can transfer your existing high interest personal loan from one bank to another. Public sector banks like Bank of Maharashtra offers this feature.

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