Transfer Home Loan from DHFL to SBI

POSTED BY Rajeev Sharma ON June 5, 2013 6:52 pm COMMENTS (12)

Hello,

I have home loan in Rs. 10,00,000 from DHFL since Jan 2011 and my interest rate is 11.75% (for salaried). I want to transfrer my loan into SBI. their is one clouse in sbi transfer that they require loan gouranter and guaranter related document.

Is guaranter or related document is require even i have saving account in SBI branch.

 

12 replies on this article “Transfer Home Loan from DHFL to SBI”

  1. manishshah says:

    waiting for ur valuable reply

  2. manishshah says:

    i have a home loan with interest rate upto 10.80%
    i called in the bank to reduce my ROI
    BUT THEY R SAYING YOUR REPAYMENT TRACK RECORD IS NOT GOOD SO THEY WILL NOT DECREASE roi

    now what should i do

  3. Pravin says:

    Can I transfer home loan from dhfl to any of local Sahakari Bank..

  4. gunasekaran says:

    Dear sir,
    I have home loan in Rs. 5,35,000/- from DHFL since Jan 2008 and top up loan for Rs.6,14,000/- dec.2014 I want to transfer my loan into another bank . what is the procedure for loan balance amount transfer to another bank. pls tell me sir. ( any fees paid to DHFL)

    1. Hi gunasekaran

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

      Manish

    2. Hari says:

      I have a home loan in DHFL I want to transfer to SBI is any chance is there please give me suggestions

  5. Dear Rajeev, first of all please check with DHFL for change of ROI by paying a conversion fee. In all possibility you can get a new rate which ‘ll be lower than your current one. Keeping in view the paper work for transfer & the processing fee & other things, I w’d like to keep loan with DHFL with reduced ROI. In case your ROI is not reduced, then you can think off transfer. HDFC is also a good choice.

    Thanks

    Ashal

  6. Rajeev Sharma says:

    After SBI, which bank is better for Home Loan, i inquired HDFC and they are offering me 10.15% interest rate

    Is hdfc is good option after sbi in terms of support, interest rate etc. ?

  7. Rajeev Sharma says:

    Hello Ashal,

    Thanks for your quick response, Is their any alternate process in SBI to transfer loan. i am holding saving account in sbi bank.

  8. Dear Rajeev, as you are transferring your existing home loan, the SBI ‘ll require guarantor for the intervening period i.e. the money released by SBI to pay back your loan to DHFL & release of your property papers from DHFL & deposit the same to SBI.

    thanks

    Ashal

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