POSTED BY March 4, 2013 5:50 pm ONE COMMENTON
I have taken a housing loanr before 2 year from UBI which is having floating interest rate.I have some doubt.Now bank is calculating my interst as Base rate +1%.But is this correct? Whether I am eligible for the present market interest?
1.Generally how the floating interset rate is being calculated by the banks ?
2.What is the RBI rule for this?