Under construction Home Loan can we transfer to another bank ?

[AlertsByVivek]

I have under construction Home loan from HDFC.
Can I transfer it to another bank now ?
6 emi already paid.

 

[Ankit Dwivedi]

Yes, you can transfer your under-construction home loan from HDFC to another bank, as a balance transfer. Since you have already paid six EMIs, you are generally eligible to transfer the loan. The process typically involves the .

It's advisable to discuss with both bank to understand the detailed process and any associated costs.

 

[ahesartamboli]

if you transfer Home loan, make sure abt charges like Revaluation, transfer charges etc

 

[AlertsByVivek]

if you transfer Home loan, make sure abt charges like Revaluation, transfer charges etc

Yes, I know about the charges.However, some agents told me that an under-construction home loan can't be transferred until it is fully disbursed. I suspect they might not want me to transfer the loan.I don't know what the actual rule is.

 

[ahesartamboli]

noted