I always hated banks ever since I borrowed a home loan from them. A complete calculation says that we almost end-up paying double the amount of loan which we borrow from a bank in 12 years. That is a big enough amount for a service industry person.
Businessmen should be more than happy because they can invest their savings and increase their ROI but savings for service based person are simply waste. You just get ~4% interest as opposed to paying ~10% interest.
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