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Interest Rebate Trap
Updated: 2/20/2019
Interest Rebate Trap
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Storyboard Text

  • My husband asked me to sign the papers because of interest rate rebate. 
  • I see 
  • After 12 years of marriage we are getting separated. I have two school going kids. I had to quit job for my second delivery
  • I see 
  • I am stuck now - I still see almost same amount pending as principal even after 12 years. I did not want to take this loan in the first place. He first wanted 1 BHK. Due to interest rebate he proposed that I take the loan so that we can just manage to buy the 2 BHK
  • Aye?
  • That is because you signed up for floating rate interest which fluctuates for all loans
  • Why is the principal practically still the same?
  • What Crap? What a Trap this rate rebate thing is?
  • #Stopfleecing
  • #Debtfree
  • #Scrapthetrap
  • #Ratecutistrap
  • #Stopfleecing
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