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Reduction of interest on cc limits

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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.
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13 September 2017 Hello All,

Can anyone answer my question
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RAJA P M

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RAJA P M (Expert)
13 September 2017 No... It's business purpose so no more deduction...
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03 October 2017 Thanks for your reply Mr. Raja
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RAJA P M

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RAJA P M (Expert)
03 October 2017 You are most welcome...
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