Transfere of Loan

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City: Pune
Employement Status: Salaried
Date of Birth: 26-11-1973
Earning Members: 2
Dependants: 3
Net Salary: Rs. 23700
Assets
Property: Owned
Vehicle: Owned
Other Assets: Owned
Loan Details
Loan Type: Property Loan
Loan Amount: Rs. 1500000
Tenure: 120
Emi: 26000
ROI: 13
Emi Paid: 10

Query: I am bearing the home loan of HDFC on amount 800000 (8 Lakh) I have cleared almost more than 2 Lakh, another loan of housing is with Co-operative Bank and the amount is (8Lakh), I want to get rid of all these loan by having only one SBI loan, so how can I have it? My wife and I are both working. The first loan is against property and the other loan is also against property. Please help me out.

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Message:

Dear

After paying 12 emi's on each loan you can transfer you existing loan to some other Bank.But before going for the same,you need to check that what will be rate of interest that the Bank will charge, what will be the processing fee and how much will be the prepayment charges while transferring this loan.

Please revert with any clarifications on the above answer.

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