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Is your home loan lender cheating you?

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loan purpos
by SHYAM SINGH on Jun 17, 2012 10:26 PM

im shyam singh from jaipur. service in army and my gross salary is Rs 2.5 lakh. How much home loan can I get to the maximum? Kiran

Based on the information provided by you, you can get a loan of Rs 5 to 7 lakh as home loan if calculated at an interest rate for 5 years.


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Chating by Maharashtra Bank on Fixed interest rate
by Swapnil on Jan 09, 2012 09:53 AM

I have availed fixed interest rate loan from BAnk of Maharastra. The bank has BPLR cluase in agrrement but I was assured that there will not be any change in intereset rate for next filve years. This assurance was verbal although the sanction later has mentioned loan interest type as Fixed interest rate.
The bank has chnaged the interest rate immedeatly after 3-4 months they never intimited nor send me any communication on change in intereset rate. I have every year recieved a letter for tax exumption it only mentions about the Intereset and Principal recovered every year, but does not provide details of interest rate. Now the Bank Manager is denying to update the statement with fixed intereset as he has changed the interest rate based on the communication from his head office. This is cheating from bank and I am looking for help to resolve this issue. Please tell me the procedure to fight agaist such cheating.

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Nitin Arora
by Nitin Arora on Jan 09, 2010 11:06 AM

If I am paying my parents LIC then I can rebate in ITR or not,plz reply.

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