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I had availed SBI home loan in the month of November, 2008 for period of 15 years and opted flexible rate of interest. It is well known to you that with the passage of time all leading banks have curtailed interest rate on housing loan applicable to existent customers but SBI emphasised on to make new customer by offering lucrative rate of interest. However, no benefit is extended to the customer who availed loan prior to the launching of new schemes. SBI urges that due to high lending rate it is not possible to bank to give relaxation to the customers. The pleas of SBI appears meaningless as other banks are giving relaxation to their old customers. I really feel betrayed as I had opted flexible rate of interest but flexibility is deliberately seized by SBI. It may also be mentioned if the rate of interest goes on higher side whether there will be any impact on customers who were denied benefit of interest cut. I am sure that in that circumstances SBI will not forget to transfer burden on old customer by increasing rate of interest. Please think positively and extend benefit of interest cut to your old customer too.
Hi, I took a home loan of Rs 12 Lacs from Indiabulls in Dec 2007, when I took it, it was given to me at 9% , and then every 6 months or so they increased the rate and now I got a revised rate of 19.5% , I want to know if I am regularly paying to NBFC then why they are increasing ROI and what is the upper limit set by RBI to charge a home loan customer ... is this arbitrary in the eyes of regulators that a new customer gets a home loan at rate 9 to 13% in an open market and a customer who is regularly paying his EMI is increased to double the rate he took it originally, and what does regulators are doing to stop these type of malfuctioning by NBFCs , what is the difference between money lenders at the time of British Raj and a free India NBFC ...? Both are free to charge customers at any rate of interest?.
I have taken Home loan from ICICI Housing Finance. Desided rates were floating rate of interest as per RBI norms. But after taking loan bank is charging atleast 1% to 2% extra every month over and above of their current rate of interest what they offer to their customers. It seems after getting loan we have no option except to pay. No law of land on them because the orgination is multinational. Please save me as well as other lakhs of customers from their hands. Hoping an early help
we have taken a Home Loan from ICICI Bank, for Rs 8,19,760/- @Effected Rate of interest 8%.Type of Interest was Floating.Loan Term(months) was for 240 months.@monthly EMI was calculated Rs 6857/- to buy a Buil-up Flat at Ramprastha Colony, P.O. Chander, Ghaziabad 201011, on 14th, July, 2005,EMI was calculated @ Rs 6857/- Loan A/c no: LBGHZ00001097583 This is total refrence for this loan, and so we have paid till date December 2009, aprox . 53 EMI, during this period the recession was there in the market. So, as per ICICI Bank they have increased the Rate of Interest 3-4 times during this period and so they increased a very handsome amount of EMI too, day before yesterday I visited the Bank branch Netaji Subhash Palace, and I came to know that the Bank has increased the Term of Loan from 240 to 335 with the EMI, means they increased Tenour and EMI too as well, and I have paid only a few amount and Rs 7,80,017/- is outstanding in my a/c, I was totally shocked to know this means I have paid nothing as the 282 EMI is Still pending besides the Amount to be paid as against the Loan taken, and what I have understood that whatever I have nearly 5,00,000/- Rs paid has no value. I had talked with them their officials but all was in ruin, and they have suggested an option as follows: 1. you take an insurance by filling an Agreement BOND in which they will charge me a monthly installment and will convert this Home Loan into a New Rate of Interest i.e. 8.25% and the Tenur will be 152 months. 2. they want me to deposit 1,00,000/- Rs and will continue for at least years to get this opportunity. I asked them that you could increase the amount of EMI only why you have increased the Tenur too and that is too this much, and now you are building pressure on me to invest and will reduce the EMI Amount and Tenur as well. was that recession so big that this amount with the Tenure has increased this much, I home and the will acquire this house and my hard earned money believe the fact that there is no difference in the past money lenders and this bank, and this will be continue with great grand children also and my loan amount they will be paying continuously, but the Loan principal will remain as it is and Chakraborty Interest will keep on and one day we will be without too. so my concern is cannot we stop the bank doing all this lootpat, and would request you to advice me how should I go against them and what and where I should go/contact to take neccessary action against their policies which they are refferring to. Kindly help as you can understand my problem/trouble. I also do not know weather their will be some guidance/help /reply from your side. I will request again to help me out.
I took a housing loan from ICICI in OCT 2006 with ROI 9% (LBPUN00001374420) ...Believe me I have paid only 4 installments with initially quoted RIO. I dont remember any rate changes from RBI apart from 0.5 basis point last to last month but RIO on my Home loan changed from existing 12% to 13.25%. It was 12% in Jan2011, 12.5% in feb, 12.75 % in March & now I have just checked its whopping 13.25% for April 2011. Is anybody from RBI listening? ..What kind of loot is this? Do we have somebody who is looking at these matters?
I have taken home loan Rs565100/- from icici bank five years back keeping 240months istalments. EMI Rs5810/- paying by everymonth without inturption through icici bank account. When I saw the my load details the bank about Rs70,000/-taken as interest and Rs3000/- as principle amount for every year. Also instalments they increased from 240 to 400months. How it is possible. please help me in this regard.
I have taken home loan @8.5 on 2006 from ICICI Bank. As of now i am paying @12.75.when ever RBI has increased the Rates immediately will increase the rates. When they decreased the rate.s, they won\\\'t decrease the rates for existing customers. What funda is going on. They are cheating with existing customers. Even we are sending so many mails to ICICI bank, we are not getting any response them.whom we have to approach. Please suggest to me to file case against ICICI BANK.
I have availed two plot loans from Centurian Bank of Punjab, Mysore 3 years back, the said bank has been taken over by HDFC Bank. While sanctioning the loans I have been given at market rate of interest rates and they also pushed me to AVIVA insurance policy offering further 0.5% on discount on interest. To nightmare I understood, that I have been sanctioned the loan under \'Business Category\' i/o Salaried person under NRI category, which I was never aware of. HDFC Bank is pushing me to provide fresh cheques and increased EMI etc., Currently I have been paying @ 13% though the market rates and again the rates from the same bank ranges between 8.75 ~ 9%. After checking with the bank the concerned sales person has made a mistake to get a quick sanction of the loan mentioned as Business Category, which is none of my mistake. Since this a part of Centurian Bank of Punjab loans, the HDFC Home Finance doesnâ€™t support any of the queries and I need to rely on HDFC Bank for any queries and their response very poor...... Is there way can I get a solution to get charge at market rates or at par with the rates with HDFC Bank on housing loans? My loan number are 91184382 & 91104304
I had availed SBI home loan in the month of November, 2008 for period of 15 years and opted flexible rate of interest. It is well known to you that with the passage of time all leading banks have curtailed interest rate on housing loan applicable to existent customers but SBI emphasized on to make new customer by offering lucrative rate of interest. However, no benefit is extended to the customer who availed loan prior to the launching of new schemes. SBI urges that due to high lending rate it is not possible to bank to give relaxation to the customers. The pleas of SBI appears meaningless as other banks are giving relaxation to their old customers. I really feel betrayed as I had opted flexible rate of interest but flexibility is deliberately seized by SBI. It may also be mentioned if the rate of interest goes on higher side whether there will be any impact on customers who were denied benefit of interest cut. I am sure that in that circumstances SBI will not forget to transfer burden on old customer by increasing rate of interest. Please think positively and extend benefit of interest cut to your old customer too
Sir the rate of which by ICICI bank is 12.75% but the actual rate of interest is only 8.75%. After doing repeated complaint nobody is listening in this matter. Please do the needful. My Home loan account no.isLBKAN00000713535
We have taken a home loan from ICICI bank in Mumbai 2006 . in that time bank charged rate of interest 9.00 p.a at floating . But when RBI increased interest rate time to time the bank also increased it . But now RBI interest rate going down than ICICI bank also going down own interest rate 13 to 11.5 . My question is that what is meaning of floating rates? The current rates far below around 9.00 %rates in many banks. Why ICICI is charging me 11.50 %in my opinion all of home loan customer of bank should be organized and strongly oppose and object to bank and government also pay attention because this is un justice with Indian people
When all other banks are reducing the rate of interests, HDFC is moving very slowly. It seems they are not at all interested to reduce ROI. SBI has given a blow to HDFC by reducing its ROI. Existing loan customers of HDFC are thinking and shifting their loan to SBI. Now, HDFC is feeling the real heat. When existing customers approaced HDFC for asking to reduce their ROI, HDFC is asking them to pay 0.5% on the loan amount so they can change the ROI to 10.25%. When asked why to pay 0.5% as we are existing customers they say it as conversion charges. This is really ridiculous. Can\\\'t HDFC do the same without charging 0.5% for existing customers? HDFC only wants to earn good money, they don\\\'t follow any ethics. They will be on top whenever they get chance to increase ROI. We also heard that it increased precloser charges from 2% to 3% making existing customers to stick with them by paying high ROI to them. They don\\\'t even inform any customers about the latest updates. How would an existing customer will know that HDFC is offering to reducing ROI by charging 0.5% on loan amount? HDFC has to change their mindsets and also all the existing customers should fight with HDFC for a fair business.
Hi, Four years back I has taken a home loan from ABN AMRO bank at the ten floating rate of 7.75%. The rate was supposed to be fixed for five years and after 5 years the floating rate prevailing at the time will be applicable. We hadn\'t done the full disbursement of the loan amount, and whenever the lending rates changed (read increased), a weighted average was applicable for us. Currently the weighted average interest rate for my loan is 10.42%. Recently there has been a series of reduction of lending rates by the RBI. But ABN AMRO bank is not passing on this advantage to us. They are giving various excuses like the loan is fixed for five years, etc. And when we questioned them on the weighted average rate that was being charged all these years they are now coming up with the excuse that they no longer have fixed loans so the reduction in rates is not applicable to us. Is there anybody else facing this similar issue? Can I complain to anybody about their misbehaviours? Please let me know.
Hi, i went to velacherry branch to find good mutual funds in sip and savings, they gave me the bad insurance product and hide the maturity period
and same in mutual funds misguided me by hiding lockin period for every installment.
later I recognised and changed my insurance through insurance provides and went to same branch and asked to cancel my sip in mutual funds they gave me a form to cancel it after filling they said they will cancel in month but even after 3 months they didnt respond, no response from them again and again
please dont belive the bajaj finance
I have availed HDFC Home loan in the year 2008 , i was charged 8.25% . that was fixed for 2 years , after the fixed tenure they are charging 11.50%. i checked online and also other people they have been charged 10.50%.
Why i have been charged extra.
I have taken a Home loan from ICICI BANK Floating Base they hiked the interest rate day by day they have charged the Interest up to 16.5% P.A. currently they are charging 16.25% while they are giving the loan to new customers @10.25% to 10.50%. on what basis they charging such a higher rate from me (existing customer). I want my All money Back with interest, which they have charged extra from me during my tenure of loan. I will furnish the loan statement when you required in further communication.
I HAD GIVEN PROPOSAL FOR HOME LOAN ON NOV -DEC 2010 AND GOT SANCTIONED ON FEB 2011 UNDER THE BANKS TEASURE SCHEME WHICH WAS FIXED INTEREST RATE @ 8.5 % FOR FIRST 24 MONTHS & 1% EXTRA FOR NEXT 12 MONTH & THERE AFTER AS PER THE MARKET RATE BUT BANK HAS CHARGE ME AS PER THE MARKET RATE THE MISTAKE WAS ACCEPTED BY THE BANK AND TOLD ME THE DIFFRENCE WILL BE CREDITED TO MY A/C IN THE PERIOD BETWEEN THE CONCERN OFFICER WAS BEING TRANSFER AND THE NEW OFFICER ALSO ACCEPT THE COMPLAINT TILL 01 FEB THE OFFICER KEPT TELLING ME THAT THE AMOUNT WILL BE CREDITED BUT 02 FEB HE REFUSED ME. SO PLEASE GUDE ME WHAT SHOULD I DO?
Now ICICI home loan ROI is 8.5 % & for existing customer 13.25 % why. our loan is floating type. what is floating? so many time increasing the ROI, but when decreasing ROI, there is no benifit given to customer why? This is cheating only.
FROM THE FRIENDLY AND COOPERATIVE STAFF OF SBOP BATALA. I OBTAINED AN HBL RS.310000/- ON 14-12-204 UNDER A/C NO.55045463174 FOR PURCHASE OF A BUILT UP HOUSE IN BATALA .THEN RATE OF INTEREST WAS ABOUT @7.50% P.A. INTEREST RATE.REGULARLY WENT ON STEEP HIKE NEARLY 13%PA.AT PRESENT. FINDING MY SELF HELPLESS TO AVOID FROM HIGHEST INTEREST RATE,I USED TO CLEAR MAXIMUM OUTSTANDING BALANCE BY REPAYING. MUCH MORE AMOUNTS AS RS 86000/-,45000/- ETC.IN PLACE OF REPAYMENT OF FIXED EMI OF @3425/-.REPAYMENT TERM OF LOAN WAS FOR UP TO 2016.BUT I HAVE REPAID MAXIMUM O/S LOAN,NOW THE BALANCE IS APPROX .RS 21000/- IN 2009-10 SBOP LAUNCHED AN HBL SCHEME WITH INTEREST RATE OF RS.8%WHERE THEN AS INTEREST RATE WAS CHARGED FROM ME @11.75% FOR UPDATION AND RENOVATION OF MY ABOVE HOUSE,I GOT CONSENT OF LOAN OFFICER IN MAY-2010.I PREPARED ESTIMATE AND VALUATION ETC FROM THE BANK\'S AUTHORISED VALUER/ARCHITECTURE.IN SPITE OF MY PRODUCTION OF REQUIRED PAPERS THEN LOAN OFFICER REFUSED TO GIVE ME LOAN,IN SPITE OF MY GOOD AND DEFAULT LESS REPAYMENT RECORD.AS THE CONSEQUENCES OF REFUSAL OF LOAN BY LOAN OFFICER I HAVE TO TAKE PERSONAL LOAN FROM HDFC BANK @19% UNDER A/C NO.16556828.. AS A CONSUMER MY QUESTION IS THAT IF THE SB PATIALA WAS GIVING FRESH HB LOAN @8% IN 2009.2010 THEN WHY IT WAS CHARGING @11.75% FROM ME AND PRESENTLY FRESH INTEREST RATE IS NEARLY 10% WHY EXISTING CONSUMERS ARE BEING CHARGED @13.75% WHY RATE OF INTEREST IS NOT REDUCED FROM OLD CONSUMERS TIME TO TIME. NOW I WANT TO GET RS. 10 LAC AS FRESH HBL BEING VERY MUCH ELIGIBLE AS I AM GETTING GROSS SALARY OF RS.510000/PM AND ABOUT 39000/-PM AS HOME CARRYING PAY,AND MY GOOD REPAYMENT RECORD EVEN THEN I AM UNABLE TO GET THE SAME FROM THE STAFF OF YOUR LOAN DEPARTMENT SO I AM TRYING ELSEWHERE FOR THE SAME .PLEASE REVERT BACK THE EXCESS INTEREST CHARGED FROM MY LOAN A/C SINCE DEC 2004 ONWARD SO THAT YOUR O/SLOAN MAY BE TAKEN OVER. FROM SOME OTHER BANK. THANKING YOU. ASHOK KAPOOR CIA STAFF ROAD BATALA 143505
I have taken Home Loan from SBI Ganges Garden Branch in July\'2005 of Rs. 3.25 Lacs on floating basis vide A/c No 30009447151. Almost loan amount is being paid only about Rs.1.15 Lacs of principle is remaining but it is surprising to see that interest rate is became higher & higher day by day. When I taken home loan it was 8.50% but now it is 12.75%.12.75% interest rate is not justify with any table chart of SBI HOME loan. HOME LOANS - INTEREST RATES All Rate are floating only (Base Rate= 10.00% p.a.) Loan Amount Linkage with Base Rate over the tenor of the loan Effective Rate Up to Rs. 30.00 lacs 0.75% above Base Rate 10.75% p.a.* Above Rs. 30.00 lacs and upto Rs. 75.00 lacs 1.00% above Base Rate 11.00% p.a.* Above Rs. 75.00 lacs 1.25% above Base Rate 11.25% p.a.*
I have taken home loan from ICICI in 2006 for 7.25% interest rate. From past 1 year i am paying 11.25% interest rate but when we compare with other banks from past 6 months they are offering 8.5 - 8.75%. When i asked the ICICI folks that as the other banks are charging only 8.75 why you are not reducing my floating rate from 11.25 to 8.75? They responded that some amount would be charged to reduce the floating rate. I asked while increasing you are immediately changing the interest but when comes to reducing the interest rates you are not ready to do that. And even they were saying that we are saying that this option is available when the customers are visiting to our branches. I think the interest rates should be made consistent in maintaining standard across all the banks.
ICICI BANK PRESENTED EMI CHEQUES FOR THE SAME MONTH ONE FOR 42k AND THE OTHER FOR 36K, IT HAS BEEN MORE THAN MONTH THEY HAVE NOT REFUNDED MY EXCESS AMOUNT. WHEN CALLED THE PHONE BANKING ONE MISS MONICA AND MR PAUL SAID THEY CAN ONLY PROCESS THIS REQUEST AFTER A WEEK AND ASKED ME TO CALL UP AGAIN AFTER 7 DAYS. WHERE IS MY MONEY? I NEED THIS WITH INTEREST BANK HAS THIS MONEY FOR A MONTH AND NOT REFUNDED I DEMAND INTEREST FOR THE SAME PERIOD.
I have taken plot loan to construct house only but due to delay in project timelines and relocation of actual plot position later by OMAXE authorities, I could not start the construction of plot. To prove that attaching letter received from OMAXE city recently on 16-Mar-2013 stating that registration of plot has started now only. RACPC SBI indore branch has imposed a penalty of Rs. 119036 on account No. 63016264232 harassing your valued customer.
PNB, Pune, Kothrud, has deducted much more interest on my home loan. I have complained to several time by phone conversion and emails, but have not yet got any response till date. It has been more than six months now. 1. There is huge difference on interest charged for the month of Nov2011 compared to previous months without any notice 2. When there was a constant Rate of Interest during Aug2011 to Jan2012, but the interest component kept on increasing whereas principal component was decreasing, why this is so?
I am Laxmi Jain with a running home loan from LIC housing Finance ltd with the Loan a/c no. 011055644 as mentioned above. I had taken this loan of 25L for 20years( 240 months). Now i have received a letter from you that as the interest rate is increasing you are revising loan period from 342 months to 570months. I want to clarify from you that when i had taken loan for 240 months, how come this changed to 342 months without any information to me. & how can you keep on increasing the time period without the consent of the debtor. You should atleast ask from us whether we want to increase the time period or we want to increase the installment. Without even asking you keep on increasing the time period. My initial time was for 20 years which you have increased upto 50 years,means i will keep on repaying this home loan for my whole life?? I want a clarification regarding this??