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Ramamoorthy Renganathan
@ramrema

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Reviewed Taking a Loan

Beware when you take loan against FC deposits

Sep 17, 2005 10:23 PM 4994 Views

(Updated Sep 17, 2005 10:25 PM)

When you take a loan against a foreign currency deposit, in a nationalized bank like Canara Bank, you are informed by banks that the loan interest rate will be 2% more than the fixed deposit interest rate for your foreign currency deposit. For example, if for your deposit in GBP, the bank giv...Read more

Comments 1

Reviewed Canara Bank

Learn well when you take loans

Sep 17, 2005 10:03 PM 3887 Views

(Updated Sep 17, 2005 10:08 PM)

We had a housing loan with Canara Bank. Normally it was the most clear case of housing loan, until my wife paid a lump sum to repay part of the loan. At the time of repayment, she was advised that since she had paid a bulk amount she need not have to pay EMI for a few months!. Based on this r...Read more

Comments 2
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