Mashrq Bank not reduce interest on loan ?

By nidu •

I READ LAST MONTH ON NEWS PAPER ALL BANK SHOULD COMPLY WITH QCB NEW LAWS ON PERSONAL LOAN, THAT IS INTEREST RATE SHOULD NOT CHARGE ABOVE 6.5% ON PERSONAL LOAN (NEW AND EXISTING LOANS). I WAS WAITING TO GET THE MESSAGE FROM MASHERQ ABOUT HOW MUCH THEY ARE CUTTING FOR MY PERSONAL LOAN. I WONDER TODAY I GOT MESSAGE THAT THEY CUT SAME AS BEFORE. THAT MEANS "MASHREQ NOT COMPLYING WITH QCB?? COMMENT IF ANY BODY HAS SAME EXPERIENCE.....

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By anonymous• 29 Apr 2011 05:20

I have loan from Mashreq Bank for which the rate is 22.5% Not yet heard of any reduction as per QCB ruling.

By indiaworldcup2011• 28 Apr 2011 23:13

I have loan also, I call them they told from May-1 they will reduce.

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Mashrq Bank not reduce interest on loan ?

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