Dear sir,
i am working in private company in gurgaon.i take personnel loan from alllahabad bank gurgaon since 2006 jan with interest of 9%.
The day before yesterday i went bank and check my statement, the interest was revised to 11.25% and i am consult the manager, he told me that personnel loan interest are vary and depand on market.
My doubts are,
1.personnel loan interest are fixed or not. If fixed could i take any action
2.Any policy for personnel loan
3. It is necessary to inform the custemer about revised the interest
please explian
thanking you.
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