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Franking Charges - Balance Transfer Home Loan

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Franking Charges - Balance Transfer Home Loan

Last updated: December 11 2019
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  • Franking Charges - Balance Transfer Home Loan

    I am considering to move my Home Loan from ICICI Bank to IDBI Bank

    The Bigger cost in the transfer here is the Franking Charges that IDBI is asking for, which is 0.2% of the Balance Transfer (BT) loan amount.

    I have two questions:

    1. In BT transfer, do I need to do Franking again?

    2. If yes, I can't recollect, how much franking I had done when I took loan with ICICI. Now reading on multiple forums, I can see, some are saying it is 0.1% of the loan amount. So, is 0.1% norm or the percentage varries from Bank to Bank?

    Thanks for your help.
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