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NDB Bank Scam
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<blockquote data-quote="wordpress" data-source="post: 24794899" data-attributes="member: 520581"><p>Beware of NDB credit card balance transfer program. They say its just .09% per month interest. But the loophole is they don't reduce the interest based on capital.If the monthly rate is 0.9% annual rate should be 10.8% but they cheat and charge 19%. For example 100,000 X 3 years repayment is Rs 3600 per month. If the interest rate is 10.8% it should be Rs 3265. Don't get fooled by false advertisements. These blood sucking banks should be sued !!</p></blockquote><p></p>
[QUOTE="wordpress, post: 24794899, member: 520581"] Beware of NDB credit card balance transfer program. They say its just .09% per month interest. But the loophole is they don't reduce the interest based on capital.If the monthly rate is 0.9% annual rate should be 10.8% but they cheat and charge 19%. For example 100,000 X 3 years repayment is Rs 3600 per month. If the interest rate is 10.8% it should be Rs 3265. Don't get fooled by false advertisements. These blood sucking banks should be sued !! [/QUOTE]
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