Home loan transfer at 2.1 spread

[Mr. Aman]

hlo guys
today the axis bank employee says the can give a BT of my home loan and od
at 8.6 for hl and 8.85 for od on same property is this possible the can do the od at that much low because currently od is running at 9.5 from icici is there can be any missaleing by axis employees please guide me guys and share your experience regarding axis bank for home loan
thanks in advance

 

[technom]

He's probably referring to the Guidance value at the sub registrar for registry value - which is usually a lot lesser than the actual market rate. Banks know this and usually fund based on market value - this is to the best of knowledge only

 

[CC-Muncher]

You can definitely get 8.60% or below.
Try talking with IDFC. Ask them for conversion.

I checked with Axis and HDFC

HDFC giving 8.5%, no processing fee

Axis giving 8.6% (may reduce further), ~18k fees for BT
Also, asked them for an LTF Axis Magnus card, the guy said he it can be possible but might need approvals and will check

is it worth taking LTF Magnus even if HDFC is giving .1% less than Axis?

 

[sheru]

I checked with Axis and HDFC

HDFC giving 8.5%, no processing fee

Axis giving 8.6% (may reduce further), ~18k fees for BT
Also, asked them for an LTF Axis Magnus card, the guy said he it can be possible but might need approvals and will check

is it worth taking LTF Magnus even if HDFC is giving .1% less than Axis?

Go for HDFC @8.5% with 0 PF.

As agent said, LTF Axis Magnus is not sure anyway. You can try for it later C2C basis.

 

[CC-Muncher]

Go for HDFC @8.5% with 0 PF.

As agent said, LTF Axis Magnus is not sure anyway. You can try for it later C2C basis.

negotiated with HDFC for 8.3% now and he will try for Infinia LTF 😁

 

[rohit12345]

negotiated with HDFC for 8.3% now and he will try for Infinia LTF 😁

Can you give HDFC person's no, I also want ask for the same.

 

[CC-Muncher]

Can you give HDFC person's no, I also want ask for the same.

Bangalore location? DM me your number

 

[CC-Muncher]

Bangalore location? DM me your number

He said no for INfinia LTF finally.
Need to get an IIT/IIM degree now as for them there's a offer for LTF 😥

 

[Max]

He said no for INfinia LTF finally.
Need to get an IIT/IIM degree now as for them there a offer for LTF 😥

Was the IIT/IIM offer only as a sweetener for doing a BT, or an actual criteria for LTF Infinia like LTF DCB Alumni offer?

 

[CC-Muncher]

Was the IIT/IIM offer only as a sweetener for doing a BT, or an actual criteria for LTF Infinia like LTF DCB Alumni offer?

not sure... may be for all I believe.

 

[CC-Muncher]

Go for HDFC @8.5% with 0 PF.

As agent said, LTF Axis Magnus is not sure anyway. You can try for it later C2C basis.

Idfc called to keep the home loan with them. Ready to reduce from 9 to 8.75
Alsi they are saying if I transfer to any bank first 12months will only be I trrst payment for Emi. Is it true?

Hdfc not giving in written that they will provide 8.4

What to do

 

[gupta93126]

I got home loan from LIC HFL @8.5%.
Is it good ?

 

[kjs]

Idfc called to keep the home loan with them. Ready to reduce from 9 to 8.75
Alsi they are saying if I transfer to any bank first 12months will only be I trrst payment for Emi. Is it true?

Hdfc not giving in written that they will provide 8.4

What to do

I have ICICI home loan going on @8.9% , they are not ready to come below this even aftr giving them.a clear shot that hdfc is ready for 8.4% and cibil score 790+. I was thinking of transferring the loan. But then the intrest + principal payment ratio will be more than 80% for 1yr atleast as it would be a fresh new loan in hdfc so i am thinking what to do. 43L loan from ICICI bank current outstanding is 40.37L. And month left are 242. Also not sure if repo rate is decreased going fwd then hdfc might or might not reduce and other banks will definitely reduce to stay in competition so i think at that time it should be near to hdfc

 

[CC-Muncher]

I have ICICI home loan going on @8.9% , they are not ready to come below this even aftr giving them.a clear shot that hdfc is ready for 8.4% and cibil score 790+. I was thinking of transferring the loan. But then the intrest + principal payment ratio will be more than 80% for 1yr atleast as it would be a fresh new loan in hdfc so i am thinking what to do. 43L loan from ICICI bank current outstanding is 40.37L. And month left are 242. Also not sure if repo rate is decreased going fwd then hdfc might or might not reduce and other banks will definitely reduce to stay in competition so i think at that time it should be near to hdfc

What is 80% ratio? Did u cHeck with HDFC?

Also, about interest rate going down, fed recently hiked there rates by 25points so rbi will at least keep the rates unchanged if not hiked. I see the rates to coming down only after a year at max

 

[kjs]

What is 80% ratio? Did u cHeck with HDFC?

Also, about interest rate going down, fed recently hiked there rates by 25points so rbi will at least keep the rates unchanged if not hiked. I see the rates to coming down only after a year at max

It means 80% will be intrest and 20% will be principal. Yes the rates are likely to come down next year onwards.