there'll be no change in EMI.
----- Original Message -----
From: "Ekinath Khedekar" <[email protected]>
To: "accessindia" <[email protected]>
Sent: Tuesday, May 12, 2015 3:01 PM
Subject: [AI] Attention bankers- regarding EMI versus loan tenure reduction
Dear Learned bankers,
After few months of delay my bank, Bank of Baroda has finally reduced
home loan interest rate to 10.00 from 10.25%. However, it is hardly
good news as the bank has told me that the tenure of the home loan
will be reduced and not the due EMI. Therefore, I feel no real respite
in the immediate time as βIn the long run, we are all dead.β ο)
SO any banker on the list can please let me know that if it is the
legitimate thing BoB doing, or they should ideally give customer
options to choose from to either to reduce EMIs or the tenure of the
loan.
In case if you think that BoB is wrong, please let know how I can take
up the matter with them.
Thanking you in advance...
Regards
Ekinath
--
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do, by the grace of God, I will do."
EDWARD EVERETT HALE.
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