Dear Rajesh, after 3Y, your ROI has been fixed to 11.7%. Please read your loan agreement for the ROI after initial 3Y. If you want to get the new ROI i.e. 9.95% for loans less than 30L Rs., you w’d have to pay a conversion fee of 0.56% of your outstanding loan amount.
I have a sbi Housing loan Max gain account taken on Sep 2010 for which 1st year rate of interest is 8 % and 2nd and 3rd year is 9 %. When is see the account statement online it is given as 11.7 % pa.I have the interest certificate in which they have clearly mentioned that irate of interest is 9 %. i see the rate of interest as 11.7 % in your screen shot too where you have explained about max gain loan. could you please halp me in understanding the same?
Dear Rajesh, after 3Y, your ROI has been fixed to 11.7%. Please read your loan agreement for the ROI after initial 3Y. If you want to get the new ROI i.e. 9.95% for loans less than 30L Rs., you w’d have to pay a conversion fee of 0.56% of your outstanding loan amount.
thanks
Ashal
I have a sbi Housing loan Max gain account taken on Sep 2010 for which 1st year rate of interest is 8 % and 2nd and 3rd year is 9 %. When is see the account statement online it is given as 11.7 % pa.I have the interest certificate in which they have clearly mentioned that irate of interest is 9 %. i see the rate of interest as 11.7 % in your screen shot too where you have explained about max gain loan. could you please halp me in understanding the same?