What is your current home loan rate of interest?

[ChurningNoob]

Please specify the bank name as well, I am planning to do a balance transfer due to my current high rate.

SBI - 8.95%

 

[prc1990]

You pay through cc bro?

Ye kaunsa line PE aa gaya bro tum? 😁😁😁😁

 

[great]

Hdfc 8.45%
Balance 52 months

 

[partritronix]

New HDFC home loan 8.7%

 

[partritronix]

After how many years of loan sanction we can transfer loan from one to other lender?

 

[great]

After how many years of loan sanction we can transfer loan from one to other lender?

6 months

 

[Chaitanya_V]

Wrong bro.

If we pay any amount (online/offline) over and above our regular EMI, it will always lower the principal amount. Additional/adhoc payment is not considered as EMI. Never ever.

I pay it online and hence, can vouch for it.

Correct, I asked SBI BM when I took HL and he too confirmed same and will be credited to outstanding amount, not to EMI and no change in EMI ( EMI stays same unless we request for adjustment based on our prepayment).

 

[krishc]

Wrong bro.

If we pay any amount (online/offline) over and above our regular EMI, it will always lower the principal amount. Additional/adhoc payment is not considered as EMI. Never ever.

I pay it online and hence, can vouch for it.

which bank it is for you ?
for me, LIC HFL allows only cheque payment 😤

 

[nik007rock]

9.1 IDBI

 

[prc1990]

which bank it is for you ?
for me, LIC HFL allows only cheque payment 😤

PNB

 

[PANK]

Home loan current interest rate with Lic Hfl is 9.25 % with 802 cibil

 

[Ankur dhanda]

8.35% with HSBC balance transfer

 

[jagdhir]

8.35% with HSBC balance transfer

Is that smart home loan or plain vanilla

 

[jack333]

8.35% with HSBC balance transfer

Do they charge to decrease the rate when repo rate falls?

 

[Akash369]

9.2% HDFC

 

[Ankur dhanda]

Do they charge to decrease the rate when repo rate falls?

Rate hasn’t decreased since the loan sanctioned but it would move with repo.
Conversion charges are different for reducing the spread. No charges otherwise when repo reduces.

 

[Ankur dhanda]

Is that smart home loan or plain vanilla

plain vanilla

 

[prc1990]

Rate hasn’t decreased since the loan sanctioned but it would move with repo.
Conversion charges are different for reducing the spread. No charges otherwise when repo reduces.

Shouldn't the RLLR interest rate go up/down whenever there is a change in Repo Rate otherwise how it is beneficial to the customer/borrower?

 

[FinGuru]

HDFC 8.25%

 

[sxchzy]

Shouldn't the RLLR interest rate go up/down whenever there is a change in Repo Rate otherwise how it is beneficial to the customer/borrower?

Usually in rates hikes rates go up the next month but while going down it goes down much later like a month or 2

 

[Ankur dhanda]

Shouldn't the RLLR interest rate go up/down whenever there is a change in Repo Rate otherwise how it is beneficial to the customer/borrower?

It’s a very recent loan so RLLR hasn’t changed on my tenure since so that’s why. Off course it’ll move along with it.