Need A Financial Product Forums Loans Is it possible to reduce ROI on SBI home loan Is-it-possible-to-reduce-ROI-on-SBI-home-loan_REPLY

#47022

Nishit Jain
Member

Contact your loan serving branch and give a request to convert your loan to a lesser rate. ROI is charged as base rate plus spread (say, base rate + 3%). By paying conversion fee @0.56% on your outstanding drawing amount, you will be able to bring a reduction in spread, the effect of which will be reduced ROI.

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