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EMI
by Santhanam Palaniappan on May 06, 2007 09:07 PM

Once agrrement is signed about repayment of loan any variation in imposing interst come to force to should not distrubed the exsiting people who availed the loan before enforcing the new rate. The new EMI imposed for the applicants who availed loan after enforcing the new rates only so that they can make their budget easier to face the repaying burdens, Or extent the period of repayment duration.

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The above message is part of the Discussion Board:
How to cope with rising EMIs?