2 replies on this article “Home loan transfer from Indiabulls Housing Finance to some Bank because I am not getting benefits”

1. Subhasish says:

   February 22, 2017 at 6:49 pm

   Dear Sir,

   I had taken Home loan from indiabulls housing finance for 16,84,000 at ROI 9.85% (for salaried). Now that its completed only 13 months of the tenure( out of 227 Months) I am gaining less benefits as rate of interest is not difference between banks and I have expenses more. My current outstanding balance 16 Lakh 45thousand . Right now SBI have ROI 8.60%. I want to transfer my current loan to SBI, BOB or HDFC bank.

   I am also holding a savings account with BOB &HDFC.

   Following are my questions.

   · How easy is it to get my home loan transferred my current loan to SBI, BOB or HDFC?

   · What are the issues that I will face during this transfer?

   · Which account with SBI, BOB or HDFC will be the best option to have my home loan transferred and what are the pros and cons.

   · I would like to know how much will be charges and whether it will have impact to my existing balance loan amount

   · Should I transfer my loan to SBI, BOB or HDFC? I am hesitating because I need to pay extra 10000-15000 Rs.

   · Is there de-mortgage charges applicable when loan is closed?

   Is general home insurance is compulsory to take from SBI, BOB or HDFC.

   Please suggest me a good direction to have my EMI reduced.

   Reply
   1. Manish Chauhan says:

      March 3, 2017 at 7:02 pm

      Hi Subhasish

      Your cases is a bit complex and I think we are not the right people to comment on it.

      My suggestion would be hire someone who is professional in this area and consult them

      Manish

      Reply

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