Priyanka Mahajan (CA Practice ) (404 Points)
18 December 2009my client had taken a home loan from Axis Bank. Keeping in mind the reduced rate in other bank, Nw he want to switch dat loan from axis to other bank.
Pls tell me the bank providing min. interest rate for housing loan and the point to keep in mind while switching from axis to other bank
Dinesh N
(Article)
(156 Points)
Replied 22 December 2009
Priyanka u r client have to consider the following points in mind while switching over from one bank to other bank
1. The repayment time for Axis Bank - If its less than a year then better to continue with Axis Bak
2. Pre-closure of loan will definetly carry some penalty charges. So u have to consider the amount of penalty leviable by Axis Bank on preclosure of Home Loan.
3. The Interest rate from Scheduled Bank is lessor. So it is preferred to go for Loan from Scheduled Bank
4. Regarding bank offering loans at lower rate of interest pls ask u r client to do some research on that.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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