Reduction of interest on cc limits
This query is : Open
12 September 2017
Hello,
I work for a Trading company, we have taken CC limits from the banks @ 12.00% 3 years ago.
I have a query : when the interest rates on Home Loan and subsequently on savings account & FD's have been slashed by the government. Is there not reduction in the rates on borrowing funds by way of LAP, CC Limits and other loans.
I work for a Trading company, we have taken CC limits from the banks @ 12.00% 3 years ago.
I have a query : when the interest rates on Home Loan and subsequently on savings account & FD's have been slashed by the government. Is there not reduction in the rates on borrowing funds by way of LAP, CC Limits and other loans.
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