Yeah correct... one should make sure all info is taken b4 a loan is taken...
I read abt transparent floating rates somewhere...
i. Transparent floating loans are at least two per cent cheaper than a comparative tenure fixed rate home loan.
ii. There is safety in numbers. Over 90 per cent of home loan consumers opt for floating rate loans. This is a potent, large community which politicians cannot ignore.
To check whether your bank offers a transparent floating interest rate on home loans, request for its record of benchmark rates in 2002 and 2003. This will help you gauge whether it has been transparent in its dealings.
More such info is given by the ceo, apnaloan.com
check out this link... Click