Conversion fee 5,900₹ charge for converting from current 9.15% interest rate to 8.6%. “We offer you the option to reduce the rate of interest on your loan by opting for a revised spread in respect to your loan.” Should this be done or it’s not beneficial?
Should be done. But this needs to be done every time the repo rate gets revised because HDFC reverts to default rate instead of reduced rate. Money making scheme but the EMI difference is covers the conversion cost in a month or two
Should be done.
Have you applied for converting your loan to a lower interest rate?
Hey all! Quick question – who here has a housing loan and what are your interest rates? I got mine during COVID at a decent 7.4%, but now it's up to 10.52%. 😵 That's quite a hike, especially when I look at what other banks are offering....
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:
