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Harsh Roongta
Interview

Harsh is CEO, Apnapaisa Private Limited. He is counted among India's foremost personal finance experts. After a successful entrepreneurial stint and an equally impressive career at ICICI, Harsh co-founded Apnaloan.com in 2000, in partnership with other accomplished industry professionals.
Apnaloan.com has since become part of the larger Apnapaisa Private Limited. His knowledge of the minutiae of personal finance products be it loans or insurance, has successfully driven the Apnapaisa ethos - that of a comparison site bar none.
His ability to perceive the less-than-obvious angle on a story stands him in good stead while answering queries - on the Apnapaisa portals, online chats, or on his regular appearances on the major TV channels.
When it comes to personal finance, Harsh has been the go-to guy for quotes and opinion for all major newspapers for quite some time now. While dispensing eminently practical wisdom, he has succeeded in taking time out to co-author The Complete Home Loan Guide, a popular guide to home loans.

 

 

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Date : 1 Jul, 2009

Question

Hi, I have SBI home loan for 13L at 8.75% and SBI Topup loan for 10L at 11.75% which is 3% higher than homeloan. Do you suggest me to do a take over to another Nationalized Bank. This is because the I am paying 3% more for Topup and also duration for topup is 10yrs only. If I take over to another Nationalized bank will both loans get combined to single loan at 8%. Is this a good idea. Please let me know

Answer

You can apply for a takeover based on your income and repayment track record. You can also check the 'Should I switch my loan' calculator on Apnaloan.com to check whether it makes sense to change the lender.

You may want to consider the prepayment charges payable to the exisitng lender and the processing fee to the new lender. You can check the home loan comparator to compare offers.

 

View Questions/Answers

 

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26578 Question : My spouse had taken a home loan on her name when she was single. Now after marriage
26574 i want to change my home loan from hdfc to sbi.. so it give me the benifit to me or not?
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26565 sir i want to buy a plot in dehradun for ersidential purpose if i woukd take loan for it from b
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26524 Hi Sir, I have observed a tab 'average interest rate' that is available in the website while w
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