A Nice Article
by New Blogger on Oct 08, 2007 10:28 AM
Its a nice article showing truth behind the floating loans. Banks never pass on the reduced interest rates to the customer. But at the same time fixed interest rates are also not fixed and can be increased every 3-4 years depending on the banks.
Best way to go forward is to take a loan from a public sector bank. They are always slow in increasing interest rates and normally keep a low markup. They always change the bench mark rate which is good for us in the long term.
