homeloan transfer and SBI max gain

POSTED BY mrityunjoy nandi ON September 5, 2012 3:15 pm ONE COMMENT

I have taken loan of 21L from HDFC last month and the 1st EMI has been just paid. The loan was for a ready to move property , hence the full amount is disbursed.

My EMI is around 21K for 20Years and the interest rate is 10.5%, now in future if HDFC increases the interest rate (I’m afraid , the floating rate will only increase!) can I transfer my loan to any other provider?

Also, moving in the forums I learnt abount the SBI max gain scheme, though couldn’t understand properly. Can anyone let me know how it works.

One reply on this article “homeloan transfer and SBI max gain”

  1. Dear Mrityunjoy nandi, Yes you can transfer your loan any time to a new banker.

    Please check the below link for SBI’s Max Gain product.


    In case you are still in doubt, please post your query in that link itself. We ‘ll try to answer your query. In a sense the basic benefit of Max Gain is – You can park your surplus amount to save on interest outgo & in case of need, you may withdraw that same surplus amount which is not possible in a normal home loan.



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