Two years back I opened a Housing loan account with Saraswat bank. I was promised that the bank revises the Bank Lending rate, if RBI rate is changed. At that time the Interest rate offered was 8.2%. Now the RBI slashed the Repo rate to 4%. Currently the bank is offering new customers 6.7%, but I still continue to pay with 8.2%. Almost all private and nationalized bank have to forward the Repo rate advantage to customer, but not Saraswat.
I would never recommend this bank. Not a reliable Bank. Feels like white collar robbers. Was this information helpful? |
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