Converting Housing Loan Floating Rate To Banks Base Rate? Sensible or No

POSTED BY Madhavi ON October 10, 2013 8:42 pm ONE COMMENT

Hello,

I have a Home Loan from Bank of Maharashtra which is Floating and I am suggested to converting it to Banks Base Rate by paying a 2% commission fees to the bank,the tenure is 20 years .

Is it sensible to pay 2% commission and convert it.Will the Base rate ever remain higher than the floating rate?

One reply on this article “Converting Housing Loan Floating Rate To Banks Base Rate? Sensible or No”

  1. ashalanshu says:

    Dear Madhavi, what is the current size of your loan? What’s the remaining duration? What is the current EMI? What is the current ROI and what ‘ll be the new ROI? Please provide more details.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS