Rate of bank interests on home loans, per.loans, deposits etc.
May 16, 2007 8:48pm CST
As bank interests are going up across the world,banks in India are also following the same path.Deposit rates are also increased by banks but not beating the inflation rate in India.Attracted by the less rate of lnterest rate home loans are taken by many mostly with floating int. Now all of them are facing problem as their EMI is gone up.Same is the case with per.loans. In my case I have taken home loan with 7.00% from private bank in the present context it is 11.5%.