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Check net savings before you transfer home loan balance: Experts

When selecting the new lender, understand the conditions attached to prepayment

Housing finance, loans, home, NBFC, IBC, realty, real estate
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Choose your lender carefully

Sarbajeet K Sen
The home loan market is abuzz with attractive festive season offers from all the big lenders. HDFC and State Bank of India are offering loans at interest rates starting from 6.7 per cent, and Kotak Mahindra Bank has dropped its rate even further to 6.5 per cent.

New homebuyers should definitely make the most of these offers. In addition, existing borrowers, too, have a chance to lower their loan cost by grabbing these offers.

Who should refinance?

Anyone currently paying an interest rate considerably higher than the best rates available in the market should refinance. “If you are still in the earlier part

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First Published: Sep 24 2021 | 6:10 AM IST

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