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.
13 September 2017
No...
It's business purpose so no more deduction...
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