I presently have a Home loan from GIC housing Finance Bangalore which is a year old. Presently I am paying 12.5% rate of interest. I was thinking to shift my home loan from GIC to HDFC as HDFC is offering 10.4% rate of interest.
I would like to know if my decision is a viable one as I have not done much business with HDFC, I am not aware that how do they regulate their rate of interest. It should not happen that once my loan is transferred within few months I am rolled back to higher rate of interest.
Can any one suggest me on this
Regards