I have read the article on Personal Loan. I have a very bad experience taking a loan from ICICI. You will never come to know their interest rates. Many hidden things surface only after the loan is sanctioned to you. Interest rates are exorbitant and are on flat rate contrary to what their agent will tell you. I ended up paying 17% instead of 9.75% or so (if paid on reducing balance as promised by the agent). There is no clarification from their end even after writing to them.
Personal Loans
by Anurag on Jan 07, 2007 11:48 PM Permalink
But it also depends on two other parameters: 1. Turnover/Sale/Income of the person. 2. Amount of return filed by the person.
If the amount of ITR is more then rate of intrest is less else it is more. Also,if the sale of the person is more then the amount of intrest rate is less, which is because the person is progressive.
Also, the nature of business or job in which the person is into decides the rate of intrest. Builders generally can expects the higher rate of intrest. Thanks
