Beware of the Reset Clause in Your Fixed-Rate Loan!

Bank of India: Reset Clause can come into effect every five to ten years. Normally, ten years.

State Bank of India: Reset Caluse can come into effect every two years. The first reset is due in March 2008.

Corporation Bank: Reset Clause can come into effect every five years.

HDFC Bank: Does not offer fixed loans with a Reset Clause.

UTI Bank: Does not offer fixed loans with a Reset Clause.

ICICI Bank: Does not offer fixed loans with a Reset Clause.

Union Bank: Does not offer fixed loans with a Reset Clause.