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


Nishit Jain

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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Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


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