Not sure if folks know thi but you can actually call up your bank and negotiate a better interest rate if you have a good credit score. I got mine down from 9.2 to 8.45 with HDFC.
Oh wow what were your talking points? My credit score has improved since I took the loan but is there anything else that will help strong arm them into lowering it?
Just tell them that your competitors are giving me 8.45% , match it else you'll switch. Also, keep track of Monetary policy that's when these banks increase/decrease rates. While increasing they'll match based on RBI guidelines, but while decreasing NBFC / Bank game the system by not passing on the benefits. I usually do it once every 6 months
9.15% sbi
Same boat as me. Any thoughts on transferring it soon or just wait & watch?
I m jst wait, as I blv sbi home loan rate will be low in long run then why to pay processing and mortgage charge now
8.1%
Woah which bank?
Karnataka Bank
Any thoughts on choosing floater rates rather than fixed ?
I recently came across one of the videos on YouTube that talked about Loans against mutual funds.- https://www.youtube.com/watch?v=lK7KuMzRm8U&t=3s
Overall this product looks very convincing & it is so true that people sell their mutua...
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....
Hi all, Has anyone of you recently taken a home loan from PNB with the Max saver facility? Is it useful? Or loan from any other bank then please give your inputs. Thanks much
