Do not believe in…
There is a transparency in the Home loan product and they tell you everything but once the process finishes and the next 20 years will be hell you never know about the charges they are going to levy in between hikes in EMI when the interest rate increases or increase in number of years by not altering EMI. You cannot understand the increase in EMI or Increase in tenure by calculating in your calculator.
Then..
What is Transparency?
It is a see through hiding from your eyes. There is white energy which blurred your vision and you see through the product without seeing the bright light in the see through. The invisible bright light in see through is the catch of the product or bank.
Banks promote saving accounts telling customers about their services but there is a bright light in the transparency called Average Balance. The monthly average balance is 10K. Suppose if you fail to maintain minimum average balance, then the minimum average balance amount say Rs10K was treated like a loan given to you and the interest for the same will be debited.
For example you only maintained Rs.6500 as a minimum average balance for the month then the remaining Rs.3500 will be treated as a loan given to you and they debit interest as charges in your saving account. This is a bright light which enables your eyes to skip the catch.
Hence, when a salesperson says our company motto is to be ‘transparent’ means they have a bright energy that can act as invisible to your eyes while signing the product.
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