Never take loan or cheque book,credit cards from multinational Banks. Only deal with nationalised bank even there service is bad.. Rate of interest per month more than 10% in Multinational banks and finance companies if u are defaulter. If ur cheque bounce and u pay ammount within 7 days u have to pay fine and heavy Bank charges. My friends 1500/ rs ch bounce.Penalty is 225 Bounce charges 350/-.Total he paid 600 for seven days delay. So friends avoid all multtinatinal banks,finance institutions all are looting,& Huge hidden charges.
RE:Never take loan
by Greywolf on Jun 29, 2008 07:05 PM Permalink
they banks are the biggest chors.. cant they make money honestly.. imagine the late fee of Rs 600 on credit card account even if you send a cheque in the drop box on the evening of the due date, a cheque bounce charge of Rs 350 and most important a interest of 41 % per annum which is compounded every month.. and to top it all the government - a bigger chor wants to collect a service tax, an edu cess all amounting to 12.32 percent.. if you are in debt with the credit card company even god cant help you.. solution .. get a gun and rob the bank western movie style
RE:Never take loan
by bahmophet on Jun 15, 2008 01:08 PM Permalink
may i add icici bank to this list? they are worse then some multinational banks! after all they started the trend of bucking the law!thanks amit!
