Need to understand which home loan charges can be bargained or are hidden and not shared yet to me. Buying almost ready property in Bangalore.
Curent charges shared with me:
I will say that there is another thing which all banks hide. Ask when what are the charges when repo rate changes? Navi does it for free.
HDFC/SBI is charging for that. They will we won't charge you on call but when time comes they say you signed the agreement.
I am expecting repo rates to go down soon. So if you want to switch to lower interest you will be charged. No charges if repo rate goes up
Point 12 in HDFC fucked me.
Switch to lower rate in variable rate loan.
Upto 0.5% of the principal outstanding and undisbursed amount at the time of conversion. Plus taxes.
So careful on this point. If your loan is for 10-20 years this will hit you badly
talk to creditdharma about home loans once, Highly recommended
What is MOD?
Mortgage deed, this is mandatory
Sometimes processing fee can be bargained or waived off. But I think that’s when there is a offer from them
