POSTED BY October 23, 2012 7:17 am COMMENTS (2)
ONHave taken loan from hdfc for 2 crores. Current status bal outstanding 1.94 cr int 16.5 – 5.25 = 11.25. If I pay conversion fee .35 of outstanding rs. 79000 then 5.25 becomes 6. Question is whether it is worth it or try to shift the loan to some other bank.
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Dear Navin, is it a home loan or any other loan? What’s the remaining term of the loan? If it’s a home loan, you should switch it to SBI Max Gain.
Thanks
Ashal
Dont you think it will depend on the interest rates offered , what kind of loan is it ? Is it at floating or fixed ?
Manish