I m going to take home loan from India bulls that is rite now interest rate 10.25 for 2500000.
Now my question is that in future how they increase the interest rates. for example: they have 2 slabs that is upto 2500000 – 10.25 and above 2500000 lakhs 10.75.
a)If RBI increase or decrease the interest rates how India bulls increase or decreases interest rates…?
1)suppose to increase 0.25.
2)they will increase 10.25+0.25 = 10.50 for upto 25 lakhs slab
3)and 10.75+0.25 = 11.00 for above 25 lakhs slab?
Or
4)they combained both slabs and increase the rates in remaining tenor in future?
or
5)India bull will decide on customer to customer variation interest rates? If yes, what is the conditions?
Please help me out.
Thanks in advance
Mr.Rao