1) So far i had heard about flat and reducing interest rates ...however what is this customer rate ?? this sounds pretty confusing for me ...
There is no confusing. Always Flat rate will be less compared to the rate which they are going to keep(Customer rate) in the Agreement. So, don't fall to those rates. Just ask the EMI in written and compare with other banks.
One example: When I enquired Int., rate for a new vehicle, they told it will be 4%(Tata Finance). I was surprised how it is low. I asked how come the other banks are 7-8%. Then they are telling it is Customer rate and this 4% will work out to be 7.25% or so.
These excecutives always gives and provides false info's. So, be carefull. I won't tell all the excutives. It all depends on our luck.
From the same bank(ICICI), below are the losses I am baring because of someone else fault.
Home Loan: 50K
4 Wheeler loan: 20K
2) the only way to compare is the EMI per lac for the given tenure...so what's the emi u r paying for the 2.0 L for 4 yr period ?
My EMI came to 5486 per month
3) and lastly...why didn't u drag them to the consumer court for such day light robbery ???
I don't have any written proof. Even I took this issue to manager. No use. |