Home Loan Transfer Charges m

[AlertsByVivek]

Can anyone explain Balance Transfer or Home Loan Transfer Charges ? Which charges need to pay ?

Example for 20L loan remain

 

[zacobite]

Can anyone explain Balance Transfer or Home Loan Transfer Charges ? Which charges need to pay ?

Example for 20L loan remain

processing fee for new bank.. BT fee for old bank + legal / agreement charge if any.. will vary per bank

 

[ShavirB]

Can anyone explain Balance Transfer or Home Loan Transfer Charges ? Which charges need to pay ?

Example for 20L loan remain

Prepayment charge for existing bank + Proc. Charging for new Bank + Documentation, Legal Charge for New Bank

 

[umang92]

Can anyone explain Balance Transfer or Home Loan Transfer Charges ? Which charges need to pay ?

Example for 20L loan remain

First check with your existing bank if there is a possibility of conversion of your loan where they may offer competitive ROI comparatively to other banks at nominal charges.
I did in my case with HDFC where i am able to reduce the ROI by 1% - from 9.65 to 8.65% at just 2999+ gst charges.