.Looks like Indian banks doesn't want to take lessons from US housing crisis with similar loans. When they reset God help with the double installments people would pay. And imagine if house prices fall people would lose there down payment and house since they won't be able to afford the loan. Indian government should force these lenders to disclose the possible maximum payment after 2 years. NO ARM Loans!!!

.All these schemes are bogus. The Bank lure children, young couples and middle age persons for education loan, home loan, etc. However at the end of the day, you find that you have to keep to bank a property 3 times more than that of the loan amount for nothing, give hefty services charges to bank, submit all your confidential financial statement to bank or its agent plus pay 5% services charges on loan amount as project preparation cost. So now let us think, where we are upto and how Finance Minister, Govt. of India , Governer of RBI, thru GMs, AGMs and Sr. Manager of PSU and Non PSU Banks clearly luring / looting our children and their parents wealth, our young couples, future citizens of India.