Customer should go for Take over of thier home loan from one bank to other when they get benefits of more than 1% rate of interest. As you go for take over there are certain charges/fess which you have bear in case of home loan balance transfer .
Some Fees are :
Valuation Report
TIR Report
Processing Fees
Stamp Duty
Pre Payment Penalty (Existing Loan)
Time ( Opportunity Cost)
If any other charges
Here are some important articles regarding take over of home loan is given below :
https://homeloans.sbi/products/view/balance-transfer-of-home-loan
https://www.bankofbaroda.in/baroda-home-loan-takeover-scheme.htm
https://www.myloancare.in/home-loan/balance-transfer/
Murari Garg
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