Home loan plan transfer

POSTED BY Mr. S. K. Ghosh ON July 1, 2012 9:57 am COMMENTS (4)

I have taken home loan of 36L in June 2011. That time interest rate was 10.4%.after that suddenly it increased to 11.15%. My loan A/c is SBI Maxgain OD form. just after that, 13th July 2011, interest rate came down to 10.75%. I asked my bank to convert my home loan plan to 10.75% rate. However, they are not willing to do so. Could please advise me whether shall I transfer my home loan to some other bank? In between, I prepaid around 6L, so naturally it comes down to 30 L bracket.
Kindly suggest me what to do so that I get benefit maximum.
Mr Ghosh

4 replies on this article “Home loan plan transfer”

  1. Mr. S. K. Ghosh says:

    Then can I transfer my loan to HDFC where the rate is low I mean within 30 L bracket? Need your suggestion in this regard.

    1. Dear S K Ghosh, if you really feel that transferring your loan from SBI Max Gain to routine loan of HDFC ‘ll help you, you should go for it. Personally I w’d recommend to stay with Max Gain & try to top up as max. as possible.



  2. Dear S K Ghosh, regarding transfer, please do not opt as Max Gain is a far better product than competition. I do hope you are well aware of benefits of Max Gain. If not please visit following link –




  3. Dear Ghosh, as your sanction loan amount is more than 30L Rs. & the product in question is Max Gain, the conversion offer of SBI is not valid for you.

    By the way the 6L Rs. parked by you in your Max Gain account are already saving you the interest outgo.



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