4 replies on this article “Home loan conversion HDFC”

1. P. MANJULA RANI says:

   May 30, 2017 at 9:03 pm

   I want to go for conversion
   My home loan is 145000lakh. I want to know low rate of interest. And no of reduction in my Emis

   Reply
2. Hari says:

   January 6, 2016 at 6:40 pm

   Principal outstanding: 14.41 L
   Current ROI:10.30%
   ROI from 1st April 2015: 10.30%
   Balance EMI: 66

   If I opt to convert to a lower rate then,

   Conversion fee:Rs. 4080/-
   New ROI:9.55%
   Balance term after conversion: 64 EMI

   Pl. advise should I opt for conversion or not.
   Thanks in advance.

   Reply
3. Gotu says:

   March 6, 2013 at 10:17 pm

   Thanks Ashal. I also think same. Just wanted to cnfirm.

   Reply
4. Ashal Jauhari says:

   March 6, 2013 at 10:10 pm

   Dear Gotu, you should pay the conversion fee & convert to lower rate. The conversion fee is very small & there is a substantial saving of money in the form of reduced term from 199 to 183 month.

   Thanks

   Ashal

   Reply

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