sksahu2097
KF Rookie
I have my current home loan in L&T finance that is 8.6% and they are ready to make it to 8.2%, and downside is that I have to pay at least equal to 1 EMI or more during pre-payment so as my EMI is at higher side so I have to save it in 2 months so due to undisciple I have not been able to prepay anything from 1-2 years.
Due to all this I was thinking to shift it to SBI or BOB as the interest rate would be same only but their are other charges which is associated with this loan transfer and that is high also should be around 50K-60K.
My current requirement is that I also need a top up also of around 10L so should I consider negotiating with L&T for the giving the top up with the same loan account and reduce the loan tenure from 25 years to 15 years, with reduce the interest rate also.
Please suggest what would be the best thing we can do it here?
Due to all this I was thinking to shift it to SBI or BOB as the interest rate would be same only but their are other charges which is associated with this loan transfer and that is high also should be around 50K-60K.
My current requirement is that I also need a top up also of around 10L so should I consider negotiating with L&T for the giving the top up with the same loan account and reduce the loan tenure from 25 years to 15 years, with reduce the interest rate also.
Please suggest what would be the best thing we can do it here?