its is simply robbery..
Interest rate 12.5% of economy.. lets say bank rates = 15%
3,50,000 * (1.15)^3 = 5,32,000
tht is assumng if u pay NO money now and all of it 3 yrs later.. even then it is only 5,32k... half of wht they are demanding..
calculate.. banks are asking for 41% interest rates!!! i think they didnt understand tht u r paying 9 lakh as downpayment... koi garbar hay