Be careful when taking loans from HS*C bank

Fresher · 51 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 6:45 am

Fresher

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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.

then obviously the foreign bank has lighter regulations than the local bank!

refer small's reply. he has told what I got to say.

Anyway, why did you go to the foreign bank? Why not go to state banks and see what they have to offer instead of foul-mouthing a bank that has refused to serve you?
I too was skeptical of the said bank a while back and maybe even now, but making silly allegations like this is not on my books.

Jeremy · 52 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 6:48 am

Jeremy

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HSBC has been very good to me. Unbelievable privileges and benefits on their credit cards, huge discounts on food and accommodations including free access to business class lounges which none of the local credit cards could match. Find below their credit card charges. Get one to day and enjoy!!

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Be careful when taking loans from HS*C bank - Page 3 Screen11

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Child · 53 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 11:06 am

Child

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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 · 54 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 11:33 am

Jiggysaurus

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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.

Whitebull · 55 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 11:37 am

Whitebull

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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.

I am not 100% sure about this but what I have heard is even we go for fixed rate they can change it after one year.

Could a member works in a bank clarify this ?

Thirasara · 56 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 2:00 pm

Thirasara

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npp

Oh.. come on. I was not foul mouthing anybody. Nor was I making 'silly' allegations against anybody. I just stated what I got to know when I made the enquiries with the particular banks. Nothing more. Also take note of the time difference of the enquiries made. But you seem to have a knack of reading bizarre (or silly?) definitions into my very bonafide comments. You seem to have got the wrong end of the stick. I feel sorry.

Whitebull · 57 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 2:09 pm

Whitebull

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Thirasara wrote:npp

Oh.. come on. I was not foul mouthing anybody. Nor was I making 'silly' allegations against anybody. I just stated what I got to know when I made the enquiries with the particular banks. Nothing more. Also take note of the time difference of the enquiries made. But you seem to have a knack of reading bizarre (or silly?) definitions into my very bonafide comments. You seem to have got the wrong end of the stick. I feel sorry.

Do not worry friend.I also do not see anything silly in ur comment.If someone can not understand meaning of something it is their problem.Take it easy brother.

Thirasara · 58 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 3:27 pm

Thirasara

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Thanks, Whitebull, for your reassuring words.

smallville · 59 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 3:51 pm

smallville

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Whitebull wrote:

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.

I am not 100% sure about this but what I have heard is even we go for fixed rate they can change it after one year.

Could a member works in a bank clarify this ?

In my experience they cannot change it unless otherwise the interest rates go up to ceilings.. Fixed is like putting concrete.. Variable is like SL rupee price Wink

Whitebull · 60 Re: Be careful when taking loans from HS*C bank Fri Jul 13, 2012 6:08 pm

Whitebull

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smallville wrote:

Whitebull wrote:

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.

I am not 100% sure about this but what I have heard is even we go for fixed rate they can change it after one year.

Could a member works in a bank clarify this ?

In my experience they cannot change it unless otherwise the interest rates go up to ceilings.. Fixed is like putting concrete.. Variable is like SL rupee price