I have bought the flat in June-2010 in Bangalore and opted for SBI Max gain. At that time
interest was like this :
1st Year – 8%
2-3 Year – 9%
4th onwards – Base Rate + 1.75% (as per our agreement with bank) => 11.75 % as of now
So how should I change it to 10% range? How the fee for changing the interest slab calculated? Is it calculated like a percentage of outstanding loan amount ( If I can Park more fund in O/D fee can be reduced) ??
Please help me