Sort by :
Filter by :
- My relevant posts from another thread:
https://www.indianrealestateforum.com/forum/city-forums/chennai-real-estate/61639-home-loan-tips-tricks?t=63026Originally Posted by bulletproofI am looking at different tricks employed by Banks/Housing Finance companies to rip-off home-loan borrowers. Hopefully we can share such things in this thread (if such a thread does not exist already).
One thing that surprised to me today is that, even after base-rate regime, banks can arbitrarily increase the home-loan rates (home-loan spread over base rate can be increased :(), if they want:
Home loan spreads are a grey area for customers | Business Standard
Unethical increase in bank margin by Standard Chartered BankOriginally Posted by bulletproofI remember when RBI introduced Base-rate regime, there was an euphoria that hereafter home-loans cannot be increased arbitrarily. It looks like the dumb/clever RBI left sufficient loop-holes for its banks to bypass the base-rate regime.CommentQuote0Flag