I have taken home loan of 36L in June 2011. That time interest rate was 10.4%.after that suddenly it increased to 11.15%. My loan A/c is SBI Maxgain OD form. just after that, 13th July 2011, interest rate came down to 10.75%. I asked my bank to convert my home loan plan to 10.75% rate. However, they are not willing to do so. Could please advise me whether shall I transfer my home loan to some other bank? In between, I prepaid around 6L, so naturally it comes down to 30 L bracket.
Kindly suggest me what to do so that I get benefit maximum.
Mr Ghosh