I 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 Bank
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 Bank