Banks of New York decide to Increase their debt rates

Because of bad condition of most of the bank worldwide two leading bank of New York have decided to increase their debt rates on all kind of personal loans. But god news is that that move does not apply on automobile loans. But it seems to be that that move may affect a large variety of other general people’s borrowings .it May also counting loans for medical expenses, holiday trips and consolidation of debts, as well for any other valuable purpose.