Refinancing
The rates have been fluctuating from time to time depending on the REPO rates which directly affects the lending rates. The refinancing option which by default the banks would offer you without insisting on them. If not ring your agent or the bank officer to refinance the loan to the current lending rates.
What's refinancing??, In the revival state government wants to infuse credit among people, which can be easing the lending procedures and also by reducing the due amount which you pay daily. The former rates would have been higher because the economy was functioning well. The rates have been decreased to some extent that your due amounts will decrease imminently.
Some banks would have self-processed your transactions to the recent rates if not ring him up. The reduced amount can be your monthly savings and strictly not for fulfilling the daily needs.
Finbolts
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