Hi guys,
I was speaking to this IDBI guy, who told me that during recent recession phase, when interests were having a free run, the highest rate charged by IDBI was 10.75%, whereas HDFC was charging around 14+%. If that is true, then IDBI can be a better option since they are unlikely to increase the rates as readily as, say HDFC or other finance institutions.
Can anyone please comment on truthfulness of IDBI guy's statement and my assessment.
Thanks.
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