Home loan rate hike: Beat the rise with balance transfer and prepayment

Shift to a home loan provider offering a lower interest rate; use bonuses, other windfalls to reduce principal outstanding

Sanjay Kumar Singh |Business Standard
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Home loan rate hike: Beat the rise with balance transfer and prepayment

Last Updated : Sep 04 2018 | 6:11 AM IST

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Borrowers who took large home loans when interest costs were low may have to do a considerable amount of belt-tightening as home loan rates surge upward. Both State Bank of India (SBI) and ICICI Bank

First Published: Sep 04 2018 | 12:45 AM IST

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