[Resolved]  LICHFL, Thanjavur — EMI & interest - Legal cheating by LIC Housing finance limited

My Home Loan Tenure was agreed as 15 years at ROI -11.25 % . Later when the ROI has reduced to 10.25 % as on date, the EMI figure today still remains the same,

LIC HFL has automatically reduced the tenure to 163 EMI's from 180 EMI's as agreed while loan sanaction, without any permission or application from my side.

Like - recently they issued a wrongly typed A/C no # for LOAN disbursal amount of odd 7 lakh rupees, the cheque returned & when I submitted them the cheque for correction, THEY asked for an application from my side for correction, INSPITE of no error from my side ???? HOW the HELL can they change thh tenure without me applying or permitting for the same ??? This is nothing but just violation of conusmer rights???

I need to know, how can they alter the tenure or no. of EMI's without my permission & not pass on the benefit of reduced EMI to the undersigned??

I have noified them in writing, BUT still no response???

To add to the injury, when floating ROI was agreed, in NOV 2008, JUST on DEC 2008 14th they decided to launch reduced ROI to ?NEW CUSTOMERS @ 9.25%, WHat the hell is the meaning of floating ROI >>> The customers like us who just go the LOAN 15 days ago were all of sudden OLD customers???

NEED to resolve this??