Opting for the best loan solutions

Posted: Sunday, Jun 08, 2008 at 2126 hrs IST
Updated: Sunday, Jun 08, 2008 at 2126 hrs IST

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: a loan for Rs 3,49,000 (approximately) from Kotak in 2007. They are charging an interest rate of 16% from me. I want to know if I can get this loan transferred to some other bank so that I can save on the interest component of the loan.

Given the current pricing prevalent in the market, I do not expect you to be able to get in interest rate substantially lower than 16%. You also need to factor in pre-closure charges that would apply if you transferred your loan. You could still approach nationalised or private banks like Bank of Baroda, ICICI, HDFC, etc.

Send your queries to garima.pant@expressindia.com...

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» personal loan.

Posted by lipika chattopadhyay on 2008-10-22 20:01:46.917258+05:30
i have taken two personal loan from icici bank.i have paid all emis on time.now i want to foreclose both, starting a new loan.please suggest what i have to do?

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