Nobody know what would be the upcoming charges would be - even the bank manger will not knows that - if you can wait you can wait and get the best deal but however the bank will not do any reduction on that conversion fees. For conversion fee there will be 10.3 service tax will be applicable on 6000
If you have Proper Documents for that place you can very well proceed - But make sure you have certain licence from the government or corporation for clibnic purpose
Dear Sir, I have Floating Home loan from HDFC for 24 LACS. My Current Rate of interest is 10.50% and bank is offering 10.15 with Conversion fee of Rs.6000. Please advise what should be correct approach, RBI is likely to announce RATE CUT in Jan 2015. IF that time HDFC Banks will announce rate cut and again I have to Pay conversion fee to avail better Interests Rate.Should I wait for Rate conversion till Jan ?