why people were not complaining when the rates were going down, they were all happy. It is market and the inflationary pressures which is driving interest rates up to reduce liquidity. It's true that private banks rise interest rates faster and charge for preponing loans while most public sector banks does not. ICICI bank specially needs to be blamed as there portfolio is maximum for home loans and share bigger responsibility. They hike the rates fast, as once you borrowed, you cannot prepay without hefty prepose charges and for attracting new customers, they will still give some discounts and once they also take loans, in some 3 months they will see the rate hike too as they are also trapped
