Shift of Home Loan from ICICI HFC to SBI

POSTED BY Abhishek ON December 25, 2012 9:16 pm COMMENTS (6)

Dear Sir,

I have taken a home loan of 21 lacs from ICICI HFC ( knowing about the worst services it offers) but it was all because of emergency and i had an notion about SBI it will delay the loan process.. there were things also like i dont have KYC compliant residence proof ( till i got my registered aggrement of new home) and i have a form 16 of one year only, now this year i ll be getting one more Form 16 along with other documents,my concern was i wanted to shift the loan from ICICI HFC to SBI i am ready to pay whatever is the processing fees and all but is it advised to shift the loan within a much i am going to get benifitted will it be good for long term kindly suggest

6 replies on this article “Shift of Home Loan from ICICI HFC to SBI”

  1. Ajit Parvatikar says:

    What will ICICI charge if I transfer loan from ICICI @ ROI 9.4% to SBI @ ROI 9.1%

    1. Hi Ajit Parvatikar

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


  2. Abhishek says:

    Its 10.25 % as of now..

  3. Dear Abhishek, what’s your current ROI in ICICI?



  4. Abhishek says:


    I am very scared of the fact that how ICICI treats its customers and for long time ( around 20yrs) it will become a heck of a pain for me, moreover by reading through all your valuable ansewers and posts base rate method is better than IHPLR and all..


  5. Credexpert says:

    Dear Abhishek,

    Now that you have got your Home loan from ICICI HFC, is there a specific need to shift to SBI considering that you will have to pay processing fee and any other applicable charges?

    Consider shifting your Home loan to SBI only if you have benefit of at least 1% in the interest rates and see any other loan term benefits. Also read the Terms and Conditions, charges etc on SBI’s website and the Terms and Conditions stated in your home loan agreement with ICICI HFC.


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