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Old 29th October 2007, 15:39   #16
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I got an interest rate of 10.6% on a loan amount of 6 lacs for a term of 5 years from HDFC
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Old 29th October 2007, 15:44   #17
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That sounds really low fora Maruti. Whats your EMI Per lac ?
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Old 29th October 2007, 16:32   #18
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The news says that the interest rate is for new loans. What about the existing customers? I have taken SBI home loan and car loan based on a flexible interest scheme. Home loan interest increased to 10.25 from 7.75 in last 2 years. Will this reduction, reduce my interest rate?
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Old 29th October 2007, 18:02   #19
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There was an article on this, they say the lower rates are actually discounts on the existing rate & hence no reduction for existing users.
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