Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Hello I am ARI here, I am the existing customer for AXIS bank from the last 2 yrs, my loan amount is 48 lakhs and the ROI is 11.25%. They asked to pay 0.5% to reduce 0.25%( will be 11%) is it worthable or i can change other bank(SBI) which is offering 10.25%. pls suggest me what to do. also how will be charges to close the loan and take a new loan from sbi . thanks.

About: Switching your home loan lender? Read this first

Asked by dhanaraj arivalagan, 19 Dec '12 01:04 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (1)

1.

Change the bank if the axis bank has a prepayment penalty clause then it wont be worthwhile because the prepayment penalty would be about 96000
Answered by iqbal seth, 19 Dec '12 01:06 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining