While Sreenivas
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Q. I am holding a housing loan of 20 Lakhsm and its I am working in a pvt firm. If suppouse if the rupee appreciate and if it come to 30 RS fper 1 $, then my company may reduce my salary to 2/3 or 1/2 tfrom the current level,. If t really happen, most of the borrowers may not be in a position to pay my EMIs, in this case can some one let us know the impact of indian society and financial sector( banks ). RegardsSreenivas
: A. you sh'd have taken care of incl appreciation & depreciation effect while estimating EMIs of the borrowers. this negligent on your part will run...... more
: A. you sh'd have taken care of incl appreciation & depreciation effect while estimating EMIs of the borrowers. this negligent on your part will run...... more
http://qna.rediff.com/questions-and-answers/i-am-holding-a-housing-loan-of-20-lakhsm-and-its--i-am-worki//answers/774533
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