POSTED BY October 13, 2012 3:03 pm COMMENTS (10)ON
I have taken SBI MaxGain Home Loan of Rs. 28 Lacs.
My present ROI is 10.25% (9.75 + 0.50%) whereas current effective ROI is 10% (9.75 + 0.25%)
Is it worth to go for conversion to current spread of 0.25% instead of my spread of 0.50% by paying approximately Rs.12,000/- which is 0.56% of my outstanding amount of 22L ?
I can see that there will be difference of Rs.400/- in EMI if I opt for current rate.
Thanks in Advance.