State Bank Of Mysore Home Loan — Cheating from the Manager SBM NGEF Branch Bangalore
Last year we availed a home loan for 15 years from SBI, The branch manager, Mr. Joseph, forced us to take that at 'fixed rate of interest' saying there is an option of one-time switch over to floating rate during the term. That was a deliberate misleading. He was all along rude and never used to finish the paper works. The delays used to be several weeks. Then after a few months when we applied to change to floating rate, he tells us that the one-time switch over option was stopped way back in 2000! He will not even cooperate with our move to shift the loan to any other nationalised bank as well. The banak employees are comforing us saying that this nuisance will only last for about 4 more months and they are also praying and waiting for that!
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