HSBC loan interest .
Recently I heard that QCB has instructed to reduce the loan interest to 6 % for the new and existing loan holders. Any update on this I am HSBC customer and still they deduct same amount... Any info from when this will effect and it is mandatory to all the Banks ( As i heard from my friend QNB already confirm they reduce the interest therefore loan repayment period has reduce) What a relief if this true????
Hi Friends,
I have loan at HSBC i have checked with the bank they say the the Reduction in Loan % is for new loans & they have no information on exsisting Loans. Can anybody advise
Thanks... Hope as per QBC directive they will reduce the interest . Will wait for the next month and see. Yes They have increase the rate earlier must be knowing new directive is coming and they want to squeezes us some way to get some extra.
hi all!! yes the HSBC does not yet adjusted accordingly as of now. i heard from a friend that they will adjust this by this month. so nothing to worry about. I am an HSBC account holder for for the last 8 years now, and as i know the directive of QCB should be followed by all banks as it was mentioned clearly on the newspapers.
How about asking your bank?
I am surprised that you are so INNOCENT
The banks here increase the interest even befor it can be really approved , but when the central bank already decleared reduction of interest officialy , these banks still wait and kill time till they implement as they want to SQUIZE the customers. The rule of the gane is simple: HEADS I WIN & TAILS YOU LOOSE and all this is called fair practice-hahahahahaha
GOD BLESS
It's a new law. But you know how laws are treated in this country. Don't you?