I have couple of questions regarding home loan. I took home loan at 9.6 per cent fixed interest for five years from LIC Housing Finance. Is it possible to convert it to the current interest rate which is less? It's around 3 years completed now. If we make a prepayment amount like Rs 10 lakh, will we get an option to reduce the EMI?

I have availed Rs 23 lakh loan from SBI for 15 years; my EMI is 22350, however, I pay Rs 30,000 every month. Is it correct or should I change my EMI. Please guide me.

I had taken a loan from LIC HFL at a floating rate but for more than a few years now the rate is kept at 9.5 per cent despite reduction in the prime rate. All my mails have fallen on deaf ears. Is there any way I have get them to respond?

I have a home loan with SBI and the outstanding as on date is Rs 11 lakh. The rate of interest is 11.45 per cent. I am presently paying the EMI from the rental income from this house.  Does it make sense to pay off the outstanding by breaking an FD that I presently hold, or should I just continue with the EMIs for the rest of the tenure?

I have taken a Floating interest home loan of Rs 30 lakh from SBI. The interest rate fixed at that time was 8.4 per cent. Though SBI reduced the rates recently, they have not reduced it for my account. When I called them, they indicated that I may have to pay lumpsum amount to reduce the rates. When interest rates rise, they increase it automatically; when rates come down they do not reduce it in the same way. What should I do to get the latest rates implemented to my loan, without paying any charges?

We had applied for a joint home loan to HDFC. The agent and even the local branch manager assured ROI of 8.5 per cent and promised to negotiate for even lower rates. When the final sanction came, the rate of interest quoted was 8.75 per cent. We are in a fix, what to do? Should we apply to other banks which are offering lesser interest rates? No disbursement done as yet.

SBI loan amount Rs 52 lakh in the year 08/2018; Tenure 30yrs; EMI 42k; ROI 2018- 8.65 per cent; 2019-8.80 per cent. My queries: does SBI offer 8.30 per cent to new customers now? Why are they not reducing my ROI? Is switching MCLR to EBLR really worthy? Are charges of 0.5 per cent for switching mandatory? 

I stay in Bharuch, a city in Gujarat. I am planning to book a flat of 2bhk in this city. The apartment is still under construction and I need home loan to buy that home. My queries are: How much per cent can I get home loan (I require 90 per cent of total cost). So it is possible by any bank? If the apartment is under construction and I have applied for loan then what will be the EMI condition. Few say till I get possession of house I will be charged only interest as EMI while other says I will be charged EMI with interest and principal amount. So what is correct and best way to me to do? Presently am staying in a rented house. So if EMI starts I will be in trouble as I need to pay both loan and house rent. So please guide me.

I have booked a flat in Amrapali Dream Valley Noida Extension - Great Noida (West) under 80:10:10 subvention plan (No EMI till possession) in the year March, 2016. Builder becomes defaulter and stopped the work in 2016 itself and not paying interest EMI to the bank as well. Bank and its lawyer both issued notices to me to recover all pending money which builder has not paid. I paid all pending money with all pending interest with penalties to bank and started paying EMI 1.5 years back and the same is paying till date. The Honourable Supreme Court transferred the same project to NBCC for completion and to be handed over to home buyer according to a scheduled plan. But till date no development work has started and looks very uncertain that we do not know when we will get the possession? And there is no place where we can know about the development of the project. Should we continue paying EMI to bank without any surety, whether we will get the flat or not? What would be repercussion, if we stop paying EMI to bank? Please advise what should I do? Really confused!

I have taken a home loan from DHFL in 2011 and have been regularly paying my EMIs. Now that RBI has referred DHFL to NCLT for insolvency proceedings, what happens to my home loan account? Will all my original documents of mortgaged property be safe with DHFL? Now that DHFL has been referred for insolvency proceedings, will DHFL reduce interest rates as and when RBI cuts rates or should I switch my home loan to any other bank? Hoping for a response from your end.

I am interested in going for a housing loan for purchase of flat. I wanted to know whether repayment of EMI can be done after getting the occupancy certificate or after 2 years which is later.

I am taking a home loan from HDFC. I wish to do some prepayment from my EPF corpus. I believe we can withdraw up to 90 per cent for home loan repayment. I have been in service for over 12 years. Please advise if I can withdraw over 90 per cent of my corpus from my EPF as I do not want any EMI burden. I already have a PPF account which I contribute to every year.

I am working in a proprietorship firm, my monthly salary is Rs 43,000 and I have personal loan of Rs 280,000. Monthly loan EMI which get deducted from my salary is Rs 13000 until now I have paid 10 EMIs without fail. Now I am looking for property in Mahindra Happinext Kalyan which is having Rs 30,00,000 for 1BHK. I will put my personal Rs 5,00,000 to buy this property and also I am ready to foreclose my personal loan before buying this property. Can I get Rs 25,00,000 home loan from bank? Your reply will be highly appreciated.

I am having a housing loan in Andhra Bank with 9.45 per cent. At the time of issuing loan, the bank had applied for insurance with premium of Rs 1 lakh which was debited in the housing loan itself. My question is: when I transfer the loan to any other lender who is offering little bit lower rate of interest, can I transfer the insurance policy too? If not, whether can I get refund of insurance premium?

I need some financial advice from you regarding my home. I had purchased a flat in 2014 in under construction; I got possession of the same in 2016. My home loan started in Jan 2015 and till today and I am paying the EMI of Rs 110,000 every month on time. But since last year my income has dropped down and hence I could not further pay such a huge EMI, I have been paying huge EMI with interest for the past 5 years and have been working very hard only for paying huge EMI. I have also other monthly expenses beside EMI like home expenses, LIC, electricity, kids’ school & tuition fees. Hence I need advice from you that should I sell this flat and clear the bank loan so than I can live without any burden of paying huge EMI every month and I could focus on my work and career and with the balance money buy a small house without any loan. Day by day my stress level is increasing and hence because of this I could not give 100 per cent to my work.