By Ashish Hathi I was compelled to take floating mortgage loan in May 2005 at 8.75% with EMI being 15500/-, which steadily started rising and last standa at 13% with EMI at 19500/-. This is before March 30, 2007 rise in CRR by RBI post which bank's have increased the rate by 50 points atleast. My loan period has also increased from 15 years to 18 years. I am awating a killer blow by the bank in the form of a communication. For a common man, this is a fraud by the government itself on common man. They can not control banks from not rising the interest rates, they can not control inflation either. Government is hoping against the hope by relying solely on money control to curb inflation. Goverment ignores other avenues like black money generation, malpractice by distributors to hoard goods, raiding income tax defaulters etc. Wish to convey that our back has now broken and any further unwarranted rise in interest rates will compell us to beyond our means and may make us defaulter. May good sense prevail on everyone. Regards, Ashish Hathi
RE:Rising EMI - Fraud by Government on Home Loan Taker
by LAGIDU on Apr 09, 2007 10:24 PM Permalink
It is alvays the honest hoo pay for the dishonest. In India, bekaus honest is les than the dishonest, their load is tuu huge.
RE:Rising EMI - Fraud by Government on Home Loan Taker
by rayker rayker on Apr 09, 2007 11:56 AM Permalink
good that you have address the issue. i assumed that guys like PC, manmohan will ignore, black money and corruption. he says that you cant tackle corruption when we are gorwing. either he is party to it, or he doesnt want to take steps which will curb other politicians. the big fishes always get away as usual . we the small ffries have to d=fend for ourselves.
RE:Rising EMI - Fraud by Government on Home Loan Taker
by dddelhi on Apr 09, 2007 10:47 AM Permalink
ashish bhai ... yeh apka hee nahin sabka dard hai... yeh saale kab sudhereingein..? koi ilaaj hain inka....
RE:Rising EMI - Fraud by Government on Home Loan Taker
by prabhat kumar on Apr 09, 2007 11:40 AM Permalink
Ilaaj hai...Laat markar nikalo inko...BJP ko vapis lao
