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Can a loan be switched over if I have obtained it at a high rate of interest, but another Bank / HFC is offering a better interest rate?

April 26, 2017Bank HFC high Interest rate loan obtained offering rate

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Can a loan be switched over if I have obtained it at a high rate of interest, but another Bank / HFC is offering a better interest rate?

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Legally you could do this. However, please discuss it with your current Bank / HFC to see if any penalties apply.