POSTED BY September 5, 2012 3:15 pm ONE COMMENT
ONI have taken loan of 21L from HDFC last month and the 1st EMI has been just paid. The loan was for a ready to move property , hence the full amount is disbursed.
My EMI is around 21K for 20Years and the interest rate is 10.5%, now in future if HDFC increases the interest rate (I’m afraid , the floating rate will only increase!) can I transfer my loan to any other provider?
Also, moving in the forums I learnt abount the SBI max gain scheme, though couldn’t understand properly. Can anyone let me know how it works.
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Dear Mrityunjoy nandi, Yes you can transfer your loan any time to a new banker.
Please check the below link for SBI’s Max Gain product.
http://localhost/jagoforum2/how-to-maximize-the-gains-in-sbi-maxgain-homeloan-account/2635/#comment-16416
In case you are still in doubt, please post your query in that link itself. We ‘ll try to answer your query. In a sense the basic benefit of Max Gain is – You can park your surplus amount to save on interest outgo & in case of need, you may withdraw that same surplus amount which is not possible in a normal home loan.
Thanks
Ashal