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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
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Answers (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

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