Date: 2008-09-03 23:02:21
Query : I have taken housing loan of about Rs. 6,90,000 of which Rs. 3,30,000 in fixed rate of 8.5% and the rest in floating rate from HDFC in the year 2005. At present my EMI is Rs. 6400 p.m. By another couple of months I will be able to pay of Rs. 100000. I want to know is there any way where by I can reduce my EMI. Will it be viable enough to transfer my loan to any other bank with lower interest rate?
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Date: 2008-09-04 10:30:16
Message:
If you feel the interest rate is lower in another bank then you can transfer the loan, but while fore closing your existing loan there could some amount of charges levied.Confirm the same with your existing lenders.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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City : Kolkata
Employment Status : Salaried
Annual Income : 300000
Type of Loan Running : Yes
Loan Running :
EMI Amount :
Tenure :
ROI Loan : Yes
EMI Paid :
Credit Card Holder : No
Residential Status : owned
Vehicle Owned : Others