Fixed Interest Rate VS Floating Interest Rates, Story of Sharma’s

Ding Dong, “Madam, this is Courier from Bank, for Mr. Sharma, Please Sign here”. Finally, the Loan Application was accepted and that Courier was carrying it. Ever since he got promoted, Mr. Sharma wanted to surprise his wife with a bigger home and thus started looking for a Home Loan. After visiting a few Banks, he was asked for his CIBIL score and certain documentation for his eligibility. He shortlisted the Bank and submitted everything with them. The Bank correspondent, in that courier, requested him to visit for detailed discussion on the disbursal end. The smile which she was carrying, was flaunting how much happy Mrs. Sharma was after getting that news from him. The day finally came and Mr. & Mrs. Sharma went to the Bank. Mr. Gupta, the Bank correspondent, will explain the whole disbursal mechanism to the couple.