What is your current home loan rate of interest?

[ChurningNoob]

Please specify the bank name as well, I am planning to do a balance transfer due to my current high rate.

SBI - 8.95%

 

[iAmPm]

Mine is changed now. HDFC from 8.85 to 8.45 as a part good CIBIL score offer.

Is it manual or automatic? What needs to be done under the offer

 

[Patil007]

Is it manual or automatic? What needs to be done under the offer

Open HDFc app and check conversion enquiery. sometime banks offer lower interest rate if your cibil is good for ongoing loan also. around 2K to 3K extra amount needs to pay.

You can either lower the EMI amout as per lower interest rate or you can lower the tennure. I have lower the tennure instead of EMI. from 25 year to 21 year.