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|29th October 2007, 16:32||#18|
Join Date: Nov 2005
Thanked: 12 Times
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?
|29th October 2007, 18:02||#19|
Distinguished - BHPian
Join Date: Feb 2004
Thanked: 2,637 Times
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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