Home loan transfer guidelines: Study processing fees and other charges
Monday, May 15, 2017, 7:01 PM
Consider the processing fees, valuation fees, legal charges, stamp duty, and other charges that any new bank will charge. Accordingly, compare it with the benefit of reduced interest rate and then make a decision. Note that if your home loan is on a fixed interest rate, then you will have to pay a prepayment penalty to transfer your loan.