Hello
I have current home loan with HDFC of 8.5 lakhs (principal remaining at this point is 7.95 lakhs) at floating rate of interest & current ROI charged is 11.5%. I checked with HDFC current ROI charged to new customers & it is 10.5%. According to the excutive i spoke with, i can also avail of 10.5% ROI if i opt for ‘conversion’ option & pay 0.5% charges (which comes to Rs. 4500/- approx).
Please guide me if that’s beneficial option and also if instead of that I should opt for shifting my loan to some other low interest rate offering bank (SBI max gain may be??)?
Thanks in advance..
Regards
Kshama