The choice to reduce tenure or EMI should be given to the customer.

Regards,
Ajay

On 5/12/15, Ekinath Khedekar <[email protected]> wrote:
> 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 β€œIn the long run, we are all dead.” )
>
> 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
>
>
>
>
>
> --
>                                           ***************
>
> "I am only one, but I am one. I cannot do everything, but I can do
> something. And because I cannot do everything, I will not refuse to do
> the something I can do. What I can do, I should do. And what I should
> do, by the grace of God, I will do."
> EDWARD EVERETT HALE.
>
>
>
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