I have taken a loan amount of Rs. 7.5 lacs from ICICI last in December 2005 on floating.
Only one year has passed, the interest rate has increased by the bank two times. I want to know that can I possible to convert the loan amount into the Flat rate? Then how much interest rate I have to pay? or can be possible to pay entire amount taken from ICICI Bank laon taken from other bank like citi bank, HDFC with lesser than ICICI interest rate? Please advice.
RE:Increase of interest rate
by Neeti Dayal on Jan 11, 2007 10:49 AM Permalink
Try agencies like LIC for takeover of the loan. I have successfully opted for the same
