starfirefreefilly
New member
UPDATE ON THE SITUATION: One Person in the comments gave alink to ROI pdf for SBI,showed the same to bank.They were acting like they dont know abt it.Later in the day Manager called me and said he will make sure the ROI is 8.6.!!!!!! Thanks Guys.I love reddit people.
ORIGINAL POST : Salaried Person without any credit history.Bank Manager said I will get home loan for 8.9 max.Spent almost 60k for paperwork.When it got approved they are saying it is 9.4.Is there any way to negotiate?
Loan details: 25 Lakh for 30 Years.
Present Repo Rate (a) --->6.5%
Common Spread (b)----> 2.65%
External Benchmark Rate (EBR) c=a+b --->9.15%
Credit Risk Premium (d) ----> 0.3%
Business Strategy Discount (BSD) (h)--->0.0%
Effective Rate -----> 9.45
ORIGINAL POST : Salaried Person without any credit history.Bank Manager said I will get home loan for 8.9 max.Spent almost 60k for paperwork.When it got approved they are saying it is 9.4.Is there any way to negotiate?
Loan details: 25 Lakh for 30 Years.
Present Repo Rate (a) --->6.5%
Common Spread (b)----> 2.65%
External Benchmark Rate (EBR) c=a+b --->9.15%
Credit Risk Premium (d) ----> 0.3%
Business Strategy Discount (BSD) (h)--->0.0%
Effective Rate -----> 9.45