I have takes loan from HSBC Bank around 4 year ago at the 7.75% after the lot of ROI iteration from RBI it touches the upper limit 13.75%, Now problem is this they peoples still are not ready to reduce the Home loan rate, There should be an authority he suppose to review these kind of ir-regularity from the banks. Recently RBI reduce the PLR twice still HSBC bank in not ready to reduce the rate of interest from 13.75% . couple of the national banks already reduced the ROI by 2-3%. One more interesting stuff i want to discuss on this form, they are offering the loan to the new customers at around 12% irrespective of the loan amount.
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