DWQA User Profile RbQuestions(1)Answers(0)Posts(0)CommentsHi Sree, continued with same bank. Was able to negotiate both the interest rate and conversion fees. Advice is to interact with home loan dept directly rather than branch office. Got an exceptional deal.On Answer for Home Loan SwitchThanks Sree. I will certainly share my experience. Below article is also worth reading:http://www.nitinbhatia.in/personal-finance/lowest-interest-rate/On Answer for Home Loan SwitchThanks. I read this article yesterday (very useful) and realized my CIBIL to be 840. Was just wondering whether bank will pay any attention to a single customer in terms of negotiating spread ? Will attempt to negotiate with banker.On Answer for Home Loan SwitchThanks. Is it possible to negotiate the spread ICICI has been asking over MCLR (0.45%) ? Will a strong CIBIL score be of any help here ?On Answer for Home Loan SwitchThanks Sree,I am inclined to ICICI too given no hassles in conversion to MCLR but BoB with overdraft facility also looks quite tempting not to forget lowest interest rate of 8.35%. I can park my additional funds in saving account to realize ~ 8% return (through lesser interest on principal) rather than 4%.My concern is with zero spread wont MCLR shoot up for banks like BoB, Central Bank of India. How are they going to survive when likes of SBI, ICICI applied a spread over MCLR. What is the business logic and how sustainable is this approach ?On Answer for Home Loan SwitchCrop
