Be careful when taking loans from HS*C bank

K.Haputantri wrote:They can't do this. You can make a written complaint to the Bankers Association and Bank Supervisory Div. of Central Bank.

Roboticfx wrote:I have connection with People's bank, Sampath bank, BOC, Commercial bank and NSB. Their services are good but private banks are better than gov banks.(That's a normal condition at everywhere ne!)

I never use credit cards but debit cards. Credit cards are big headaches. CC users pay lot of additional fees than the actual cost that needed to pay for a good.

Roboticfx wrote:I have connection with People's bank, Sampath bank, BOC, Commercial bank and NSB. Their services are good but private banks are better than gov banks.(That's a normal condition at everywhere ne!)

I never use credit cards but debit cards. Credit cards are big headaches. CC users pay lot of additional fees than the actual cost that needed to pay for a good.

SL.Market wrote:

Roboticfx wrote:I have connection with People's bank, Sampath bank, BOC, Commercial bank and NSB. Their services are good but private banks are better than gov banks.(That's a normal condition at everywhere ne!)

I never use credit cards but debit cards. Credit cards are big headaches. CC users pay lot of additional fees than the actual cost that needed to pay for a good.

All local banks are considerable okay...

But foreign banks( Standard CHaaa, HXXXBC) doing local business is worst for customers...

Rajaraam wrote:

SL.Market wrote:

Roboticfx wrote:I have connection with People's bank, Sampath bank, BOC, Commercial bank and NSB. Their services are good but private banks are better than gov banks.(That's a normal condition at everywhere ne!)

I never use credit cards but debit cards. Credit cards are big headaches. CC users pay lot of additional fees than the actual cost that needed to pay for a good.

All local banks are considerable okay...

But foreign banks( Standard CHaaa, HXXXBC) doing local business is worst for customers...

Agree with you.

SL.Market wrote: not any social responsibility as other local banks have in to some extent...

Kithsiri wrote:

SL.Market wrote: not any social responsibility as other local banks have in to some extent...

Very interesting argument.

Two things I like to say about this posting and the responses that we got.

First that we are way off the subject matter and second point is this so-called Social Responsibility perform by the local banks do so at the expense of whom?

To please a few or the entire spectrum of the society?

Kithsiri wrote:Ultimate objective of any investment is to get a nice return back.

Giving employment and unrecoverable loans to a few of the political henchmen are not fulfilling social responsibilities.

I think, local banks are doing more harm than a few foreign banks in that sense.

Thirasara wrote:These types of foreign banks service the well-to-do in general. An average government employee will not be able to have any sort of business dealings with them. Even to apply for a credit card they stipulate that one should have a minimum deposit of over 25,000/= odd LKR, which fortunately or unfortunately a govt. employ could very rarely afford to do. So, my guess is they want to bleed the wealthy. That's why their behavior is nonchalant.

Thirasara wrote:These types of foreign banks service the well-to-do in general. An average government employee will not be able to have any sort of business dealings with them. Even to apply for a credit card they stipulate that one should have a minimum deposit of over 25,000/= odd LKR, which fortunately or unfortunately a govt. employ could very rarely afford to do. So, my guess is they want to bleed the wealthy. That's why their behavior is nonchalant.

Thirasara wrote:npp

The starting salary (basic salary) of a government employee when s/he joins the service is not more than 15,000/=. When I asked this particular bank for CC requirement, I was told that I should have a basic salary of 20,000/. That's about 2 years back. Recently when I got in touch with the HNB for the same purpose I was told the minimum requirement was to have a basic salary of LKR 30,000/= pm. That was just about 3 weeks back.

Child wrote:I also get loan fm those HK bank in last November promotion. but loan received me on January with 17% ( I apply for 11%) & as working fees they deducted huge amount than other com banks
I think HS#C is no only worst one but also cheating bank.......!

Jiggysaurus wrote:

Child wrote:I also get loan fm those HK bank in last November promotion. but loan received me on January with 17% ( I apply for 11%) & as working fees they deducted huge amount than other com banks
I think HS#C is no only worst one but also cheating bank.......!

When you apply for a VARIABLE interest rate loan and end up paying 17% you shouldn't blame the bank you have to blame yourself. Had you gone for FIXED interest rate loan, you might have had to pay 12% but it would have been locked for the term of the loan.
Blame the bank for overcharging the working fees but blame yourself for going into a variable loan.