Balance transfer card for a loan

Nurse2047

Hi I am applying for a balance transfer to a cheaper rate Howe we can’t find any that accept loan transfer only from another credit cards. Can anyone help? 

grumbler

>> 0% money transfer cards

Nurse2047

Thankyou I have gone  through some applications on that link allready however everyone so far won’t let me transfer a loan only a store or credit card 

grumbler

Well, you are out of luck then. The only other option is to withdraw cash from some CC and then transfer the balance to a 0% balance transfer card. This will cost you extra about 3% cash advance fee.

How big is the loan? Even a card with 0% on purchases can be of some help. Switch you spending to such card and use the 'saved' money to pay the loan off gradually.

fatbelly

MFW2026 said:

Thankyou I have gone  through some applications on that link allready however everyone so far won’t let me transfer a loan only a store or credit card 

A money transfer (and there are only three cards who do that if you look at that link) transfers money into your bank account.

You then use that cash to pay off the loan

It's different to a balance transfer

Nurse2047

Thankyou yes I realise now I was trying to balance transfer however money transfer would be an option. Thanks for your help 

Ebe_Scrooge

MFW2026 said:

Thankyou yes I realise now I was trying to balance transfer however money transfer would be an option. Thanks for your help 

If you do decide to apply for a Money Transfer card, make absolutely sure you'll be able to clear the balance by the time the promotional rate expires.  Otherwise you'll start being charged interest at the card's standard APR (likely much higher than you were paying on the loan) with no guarantee that you'll be able to transfer any remaining balance to another card.