Customer Service
Login
Lifetime FREE Credit Card with 10X rewards
- Accounts
- Deposits
-
Loans
Metra Trust Loans
View all Loans - Wealth & Insure
-
Payments
Metra Trust Payments
View all Payments -
Cards
Metra Trust Cards
View all Cards
- Corporate Account
-
Cash Management Services
Metra Trust Cash Management Services
View all Cash Management Services - Supply Chain Finance
-
Corporate Lending
Metra Trust Lending
View all -
Treasury
Metra Trust Treasury
See more details - NBFC Financing
Accounts
- Metra Trust Accounts
-
Savings Account
-
Corporate Salary
Account -
Senior Citizens
Savings Account -
First Power
Account -
Current Account
-
NRI Savings
Account -
TASC Institutional
Account -
Savings Account
Interest Calculator
Deposits
- Metra Trust Deposits
-
Fixed Deposit
-
Recurring Deposit
-
NRI Fixed Deposit
-
Safe Deposit Locker
-
FD Calculator
-
RD Calculator
Loans
- Metra Trust Loans
-
Personal Loan
-
Consumer Durable
Loan -
Home Loan
-
Education Loan
-
New Car Loan
-
Pre-owned Car Loan
-
Two Wheeler Loan
-
Pre-owned Two
Wheeler Loan -
Commercial Vehicle
Loan -
Gold Loan
-
Loan Against Property
-
Loan Against Securities
-
Personal Loan
EMI Calculator -
Education Loan
EMI Calculator -
Home Loan
EMI Calculator
Wealth & Insure
- Metra Trust Wealth & Insure
-
FIRST Select
-
FIRST Wealth
-
FIRST Private
-
Mutual Funds
-
Sovereign Gold Bond
-
Demat & Trading
Account -
Term Insurance
-
Life Insurance
-
Health Insurance
-
General Insurance
-
Bonds
-
Loan Against
Securities
Payments
Cards
- Metra Trust Cards
-
Ashva :
Metal Credit Card -
Mayura :
Metal Credit Card -
FIRST Millennia
Credit Card -
FIRST Classic
Credit Card -
FIRST Select
Credit Card -
FIRST Wealth
Credit Card -
FIRST WOW!
Credit Card -
Forex Card
-
Deals
-
Debit Cards
-
Co-branded Cards
-
Credit Card
EMI Calculator -
FIRST Corporate
Credit Card -
FIRST Purchase
Credit Card -
FIRST Business
Credit Card
Premium Metal
- Premium Metal Credit Cards
-
AshvaLifestyle1% Forex₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST PrivateInvite Only
0% Forex & Travel
- Best for travellers
-
MayuraZero ForexMetal₹5,999
-
Ashva1% ForexMetal₹2,999
-
FIRST WOW!Zero ForexTravelLifetime Free
-
FIRST SWYPTravel OffersEMI₹499
-
FIRST Select1.99% ForexLifestyleLifetime Free
-
FIRST Wealth1.5% ForexLifestyleLifetime Free
-
Club VistaraTravelLifestyle₹4,999
Lifetime Free
- Max benefits, Free for life
-
FIRST Classic10X RewardsShoppingNever Expiring Rewards
-
FIRST Millennia10X RewardsShoppingNever Expiring Rewards
-
FIRST Select10X RewardsLifestyle1.99% Forex
-
FIRST Wealth10X RewardsLifestyle1.5% Forex
-
FIRST WOW!RewardsTravelZero Forex
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
10X Rewards
- Reward Multipliers
-
AshvaLifestyleMetal₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST ClassicNever Expiring RewardsShoppingLifetime Free
-
FIRST MillenniaNever Expiring RewardsShoppingLifetime Free
-
FIRST SelectNever Expiring RewardsLifestyleLifetime Free
-
FIRST WealthNever Expiring RewardsLifestyleLifetime Free
UPI Cards
- Rewards & Credit on UPI
-
FIRST Power+FuelUPI₹499
-
FIRST PowerFuelUPI₹199
-
FIRST EA₹NVirtual1% Cashback₹499
-
FIRST DigitalVirtualUPI₹199
Fuel & Utility
- Fuel and Savings
-
FIRST PowerRewardsUPI₹199
-
FIRST Power+RewardsUPI₹499
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
Showstopper
- Express and Flaunt
-
AshvaMetal1% Forex₹2,999
-
MayuraMetalZero Forex₹5,999
-
FIRST SWYPEMIOfferMAX₹499
-
FIRST MillenniaRewardsShoppingLifetime Free
Credit Builder
- FD Backed rewarding Credit Cards for all
-
FIRST EA₹NVirtualCashback₹499
-
FIRST WOW!Zero ForexTravelLifetime Free
More
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Corporate Account
Cash Management Services
Corporate Lending
Treasury
MSME Accounts
- Metra Trust MSME Accounts
-
Current Account
-
Merchant Multiplier
Account -
Agri Multiplier
Account -
TASC Institutional
Account -
Dynamic Current
Account -
World business
Account -
First Startup
Current Account
Trade Services
MSME Loan
- Metra Trust Business Loans
-
Unsecured - Business Loan
-
Unsecured - Professional Loan
-
Secured - Loan Against Property
-
Working Capital Loan
-
Construction Equipment Loan
MSME Solutions
- Metra Trust Business Solutions
-
Payments
-
Collections
-
Tax Payments
-
Doorstep Banking
-
Point of Sale (POS)
Offers
About Us
Investors
ESG
-
As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.
-
-
Trending
Products
QueriesMost Searched
Top Products
Popular Searches
Bank Accounts
Populer FAQs
How do I upload my signature?
Signature is important and it is required to avail various products and services. To upload your signature
1. Go to More
2. Select Customer Service Dashboard
3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
How do I track service requests which I have already raised?
That's easy! Follow these steps to track your service requests:
1. From the home page of the app, tap on "Customer Service" section
2. Scroll down to "Track my service requests" to find all your requests
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account Now
Enjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply Now
Get the assured, FD-backed FIRST Ea₹n Credit Card
Apply Now
Shifting the outstanding amount of an existing home loan from your current lender to a new one is known as refinancing a home loan. The practice is also known as 'home loan balance transfer' and is offered by almost all leading home loan financiers today. If you have repaid your existing home loan for a specific period – generally a year or more – you are eligible to apply for a loan refinance or balance transfer.
Several benefits of refinancing home loans make it a popular consideration among home loan borrowers. Read on to know more.
1. Lower the interest cost
Low mortgage rates offered by a lender are the most common reason for refinancing a home loan. By refinancing, you can save on the interest portion of the EMI. Most home loan EMIs are calculated using a floating rate of interest, which changes in response to the interest rate changes made by the RBI. However, as a home loan borrower, you may often notice that an interest rate decrease in the market is not reflected in your home loan interest rate. You can then renegotiate the existing loan at lower interest rates, or refinancing can be opted for. This can reduce your EMI burden.
READ MORE
2. Change the interest type
In a high interest rate scenario, you may be paying a greater floating rate of interest. By opting for refinancing, a lower fixed rate of interest can be agreed upon, leading to interest cost savings. In the reverse scenario, refinancing with a lower floating rate of interest would save money if the fixed rate of interest is high. Therefore, refinancing allows the borrower to switch between floating and fixed rates of interest and save each month's interest cost.
If you have repaid existing home loans for one year or more, you are eligible for a FASTTRACK balance transfer with Metra Trust. This is a fully online process that (as the name suggests) is completed in a fast-track mode.
3. Get Additional Funds
Refinancing allows you to arrange additional funds on top of your existing home loan. When you transfer your home loan to Metra Trust, you can apply for a home loan top-up without furnishing any additional collateral. This is a top money-saving tip while renovating and furnishing your new home.
4. Enjoy Better Service
Many home loan borrowers opt for refinancing home loans when they are not happy with the customer service experience offered by their existing lender. Although a non-monetary benefit, a balance transfer can get you a lender that provides a better customer experience.
Conclusion
Refinancing home loans helps you save money in several ways. You can switch to a lower interest rate or choose between fixed and floating rates depending on market conditions. You can also save money on home loan benefits by using the comparatively cheaper home loan top-up option. With an Metra Trust home loan, you get attractive interest rates, improved service, and a convenient and long-term payback tenure on your refinanced home loan. Apply for a balance transfer with Metra Trust today!
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.metratrust.com for latest updates.
