Bankers fighting to steal each other's clients

Bankers are fighting harder to attract clients with good payment histories from peers, and are trying to sell refinancing loans with a grace period, promotional interest or fee-free.
Some banks are even willing to take over several loans of the same debtor and consolidate them or to lend clients a sum as much as 20% higher than the one needed for refinancing. Interest cuts or the elimination of the granting fee, which is a serious hurdle in loan refinancing, have already started reflecting in the number of clients coming to banks, say bankers.
“The number of applications for all the types of home equity loans rose by around 50% in September against August. And the increase of October, against September, amounted to another 10%,” say the representatives of Millenium.