Aditya birla loan closing

[Giant]

Hi
My father have taken a mortgage loan from Aditya birla 45lac on a different property for home construction now we are taking home loan on new property i.e under construction we have to close this mortgage loan becz 10.75%rate its been 1 year of this loan now they said 2...3% foreclose charge will there . I want a suggestion what we can do to avoid max loss as we already paid 6lac worth emi . We are applying for BOB home loan now.

 

[ashakantasharma]

• Check if foreclosure charges can be waived or lowered.
• Consider a balance transfer to avoid foreclosure penalties.
• Negotiate with the lender.
• Calculate total costs before deciding.