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Home Loan
by Gaurav Kumar on Feb 15, 2010 01:59 PM   Permalink

Can the FM make this announcement or take care about the home laon matter its quite ridiculous that you take home loan on a floating rate of interest but it never floats in a positive direction i.e in respect to customers,the banks keeps on increasing the rate of interest when ever there is slight change announced by the RBI monetory policy but if this is vice versa the banks do not revise the ROI why this blunder is happening everytime it doesn't shows the nexeus of the GOVT.(RBI) and banks that too the private banks,I had taken home loan at the floating rate of interest 10.25% from Ing vaysa bank the bank increased the ROI to 12.50% and now when the RBI eased the policies the current ROI interest for my loan is 10.50% that is still more that what ROI i had taken the homelaon but the new custoemrs are offered the ROI of 8 % varying to 8.75%.My question is what is the intention of the RBI that you will find the scapegoat and keep on killing once he is trapped under the loan burden why you don't have the transparent policy now a days all the banks both PSU and PVT shows a good margin of profit in there quartly review but always i come to hear that there is no Govt control over pvt banks,then why is the existence of these RBI we too have lot of responsibilites and it goes on increasing only ,kinldy request the dear respectable FM to find a way out we don't earn money to only replay the emi and that too which is indefinite from 15yrs to 20 yrs and 25 yrs the banks increases ROI

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