I had a Home Loan (floating rate) of Rs. 10 lacs. Starting Interest rate @ 10.15 % then presently Interest rate is @ 10.50 % next reset date is March 2015.
They give me option of transfer from 10.50 % to 10.15 % with conversion charges of approx Rs. 2,800/-. Now what to do, I don’t understand that shall I go with conversion or wait for next reset date ?