Is it a Good Idea to Shift home Loan From LIC Housing Finance to SBI ?

POSTED BY Moreshwar Deshmukh ON October 11, 2012 2:32 pm ONE COMMENT

Dear All,

I am holding Loan of 17 lakh under LIC Graha Pravesh Scheme from LIC Housing finance for tenure of 20 Years;
Loan started on 16 Aug 2011; Loan is at floating ROI of 10.80%.
EMI amount is 17,165.00 /-

I would like to know :-

  1.     Is it a Good Idea to Shift home Loan to SBI?
  2.     If shift is not a good option then please tell me how can I reducing tenure.

Request to please suggest over this idea

Thanks,
Moreshwar

One reply on this article “Is it a Good Idea to Shift home Loan From LIC Housing Finance to SBI ?”

  1. Dominic Prakash says:

    1. It will be a good idea if you can switch to SBI MaxGain loan. I am NOT a SBI client but I have a similar loan with HSBC.
    2. You may be able to reduce your tenure and save lot of interest in MaxGain type loan

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