Recently SBI has reduced the ROI for home loan to attract new customer, it current rate is equal to 10.25%. My question is that is right time to Switch to SBI, or other lenders such as HDFC, ICICI will follow the suit?
My current ROI is 10.75%, but I having an SBI salary account, Hence as per the conversion with the bank manager I can avail the home loan @ rate 10.15%.
My question is it worth while to switch the bank for home loan, or should adopt a policy of wait and watch.
Regards
Zoeb Lakdawala