DIFFERENCE IN INTEREST RATES HOW I CAN SOLVE THIS PROBLEM.
01 February 2010 | Read 1018 times | Comments (0) | recomended (1)
01 February 2010 | Read 1018 times | Comments (0) | recomended (1)
Vikas somani from Ludhiana said :
AGREEMENT No. 0420100098532 HOUSING LOAN FROM AXIS BANK LUDHIANA.I TOOK HOUSING LOAN FROM AXIS BANK, LUDHIANA IN OCTOBER-- 2009 ON FLOATING INTEREST RATE BASIS . AT THE TIME OF SANCTION OF LOAN AXIS BANK INFORM ME THAT MY INTERSEST RATE ( FLOATING ) WILL BE LINKED WITH BANK MRR. IT MEANS AS THE MRR INCREAES MY INTEREST RATES INCREASE AND RECIPROCAL. DIFFERENCE GIVE ME IS 2.75 % LESS THAN MRR.BUT AT PRESENT AXIS BANK MRR REDUCE BY 1.5% ( FROM 14.25% TO 12.75 % ) BUT MY INTEREST REDUCED ONLY BY 0.25 % ( FROM 11.5% TO 11.25%). WHAT IS THE SOLUTION .HOW I CAN SOLVE THIS PROBLEM. PLEASE HEPL ME.
AGREEMENT No. 0420100098532 HOUSING LOAN FROM AXIS BANK LUDHIANA.I TOOK HOUSING LOAN FROM AXIS BANK, LUDHIANA IN OCTOBER-- 2009 ON FLOATING INTEREST RATE BASIS . AT THE TIME OF SANCTION OF LOAN AXIS BANK INFORM ME THAT MY INTERSEST RATE ( FLOATING ) WILL BE LINKED WITH BANK MRR. IT MEANS AS THE MRR INCREAES MY INTEREST RATES INCREASE AND RECIPROCAL. DIFFERENCE GIVE ME IS 2.75 % LESS THAN MRR.BUT AT PRESENT AXIS BANK MRR REDUCE BY 1.5% ( FROM 14.25% TO 12.75 % ) BUT MY INTEREST REDUCED ONLY BY 0.25 % ( FROM 11.5% TO 11.25%). WHAT IS THE SOLUTION .HOW I CAN SOLVE THIS PROBLEM. PLEASE HEPL ME.
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Joe said :
17 December 2010
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17 December 2010
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