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
August 26, 2014 at 5:24 pm
#47022
samkapoor77Keymaster
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.