House Loan Interest Rate

[Mridul Sethi]

Sir,

 

I had taken houseloan from bank in 2009 @9.25% & as per bank my current interest rate is 13.25%, but at bank's site for new customer interest rate is 11.5% for same amount & tenure. Is it possible?

AI Summary

Home Loan Rate Discrepancy: Existing Customer's Rate Hike Sparks Advice to Consult Bank or Switch for Better Rates. An individual inquired about a discrepancy in home loan interest rates, noting their rate increased from 9.25% to 13.25%, while new customers receive 11.5%. One respondent suggested consulting the bank and switching banks if unresolved. Another advised that banks often offer schemes to adjust old loans to current rates for a fee and recommended checking with the bank or switching loans without penalty, potentially securing a rate between 10.50% and 10.75%.