Greetings
I have a somewhat difficult financial journey as a 25 Year old (Male) but after my PGDM at a Tier 3 institute in Delhi NCR, I managed to land a job as a Financial Data Analyst at a reputed firm that pays me around Rs. 90,000 in hand per month. I'm incredibly grateful for this. I finally get to contribute financially within my family, look after them and perhaps spoil them a bit with gifts.
But I also need to finance my student loan. Currently my loan is being financed by HDFC Credila who offered me an interest rate of 10.6% pa. Now that I have a job and a credit score of 785, I think I can get it refinanced into a lower interest rate and so I wanted your advice.
- Which banks should I target for the loan takeover?
- What is the lowest interest rate I can expect?
- What is the process like?
- I haven't paid any EMI yet to Credila ( I'm in the Moratorium period) so should I first pay them a couple and then initiate a takeover or can I go for it now?
- I have just opened a savings account in SBI. If I turn it into a corporate account, will I get an advantage in loans? Should I target other banks for the corporate account?
If there is further information you need for a more comprehensive advice, I'd be happy to promptly reply. Thank you!