Quote:
Originally Posted by ramki067  I asked them to mail me the details we have spoken and here is what they sent to me!
DEAR SIR
DEATAILS OF CAR LOAN
WAGAN R VX1I
ON ROAD ; 4,28,518
EX SHOWROOM ; 3,70,903
RATE OF INTREST ; 7.3 Percent
E.M.I ; 2312 for 60 months in advance |
What does fixed rate and reducing rate mean with this quote? Please help.