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Floating rate loans
by Aniruddha Sengupta on Aug 12, 2006 10:05 PM

Private banks are the worst offenders in this regard. There is no transparency or method in applying RoI (floating) changes uniformly across existing borrowers. There are banks who also change the applicable rate on an absolutely ad-hoc basis. PSU banks are much more transparent in this regard though the hassle of dealing with them may sometimes be a real put-off.

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Cheated on home loan rate?