Is there any provision to bring down the interest rate?- Property Hotline
August 12, 2016
11
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4:33Now PlayingIs there any provision to bring down the interest rate?- Property Hotline
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as posted by the channelExpert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd?
Question: I have a home loan from a reputed banker. I took the loan at a floating rate of 10.45%. It has now come down to just 10.2%, which is higher than the current rates. My interest rate is not coming down. Is there any provision to bring down the interest rate?
Answer: You can approach bank and negotiate for reduce the interest rate. You may need to pay a small fee as well. Consider a balance transfer otherwise.
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