I had taken a loan for Rs 14, 00, 000/- for a housing loan in Aug 2009 at interest rate of 8.75% floating. The organisation first lures gullible salaried class employees of middle class, by saying hassle free loans through their well networked agents. They will fix a loan with some teaser rates i.e low rate. Then after some time say two months, they will increase the rate to like in my case to 9.75%. Then by Jun 2010, the interest changed to 10.25%. Imagine SBI keeping 8% fixed for a year and then 9% fixed for next two years, for a loan taken... read full review »