Hi Buddy,
A personal loan cannot be converted into a home loan. Personal loans, on the other hand, can be transferred from one bank to another. The facility has several advantages, including a lower interest rate and a top-up loan.
A personal loan cannot be converted to a home loan. Both have distinct end uses that cannot be combined. A personal loan can be used for any purpose and is completely safe. A home loan is a secured instrument that you can obtain for the purpose of purchasing a home.
In general, personal loans cannot be converted to home loans.
However, to know more about, the loan conversion rules in SBI, go through this,
How To Convert Personal Loan To Home Loan In Sbi?I hope this response would help you with your query.
Check out NoBroker home loan services for the best home loan offers. Calculate your EMI on a home loan using the NoBroker EMI calculator.Your Feedback Matters! How was this Answer?
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No, that’s not possible. These are two different kinds of loans and cannot work interchangeably. I think you should apply for a home loan separately. You can get assistance from these NoBroker guys, I have heard they provide help with home loans. [widget_homeLoan_checkEligibility_form]
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Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
Can you convert personal loan to home loan?
Navjeet pal
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2 Answers
2 Year
2022-04-29T22:54:20+00:00 2022-05-16T12:45:27+00:00Comment
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