RE:What about fixed Rate of Interest ?
by Salil Kumar on Apr 30, 2007 03:14 PM

I had paid a 2% penalty and shifted to fixed rate 2 years back, at 7.25%.. Turned out, it was the smartest financial decision I took in a decade.If the bank wants to increase the rate, logically, they ought to pay a penalty too.. Any views on this?

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