<CanFin Home loan> Banking steps I followed for getting my ROI reduced.
Akhilesh Kumar Gupta
Hi,
Hope this will help for getting your ROI reduced on your CanFin home loan.
I followed the below steps:
Step1 – Talk to your respective branch. [Mine is CanFin Kengeri Branch]
Step2- Send an authorization letter to them
I wrote as below:
Subject - Loan A/c no. [154201XXXXXX] Change in ROI & authorization for presenting the Cheque!
Hi,
As discussed, I would like you to authorize to change my ROI from 10.95 to 9.70 (Present ROI of the Bank) and also authorize you for presenting the cheque.
Loan details:
A/c no. - 154201XXXXXXX
Current ROI - 10.95
Name - Akhilesh Kumar Gupta
Cell no. - 9972066955
Step3 – Bank will ask you to pay some fee based on you tenure and loan amount (Max 5000, they can’t charge more than 5K to you) + Service tax. [I paid 5000 + 750 = Total 5750 INR]
Note – I did not transfer or pay any amount in cash to them instead they used one of my cheque leaf submitted to them earlier while taking the loan. (That is why you have to send an Authorization e-mail to them)
Step4 – Money (Fee + service tax) will be deducted from your respective EMI bank A/c no.
Step5 – Send a confirmation mail to them to let them know that money (Fee + service tax) is deducted from your a/c and all clear from your side.
Step6- Once you receive a confirmation from them, wait for about a month.
Akhilesh