Iifl Home Loan — IIFL has increased home loan Rate of interest from 9.50% to 10.25% with out any intimation..Cheating

Address:

IIFL Vijayawada branch

Hi,

Name: Nagaraju Uppala
Home loan account no. 868472

This is Nagaraju. I've a home loan from last three year. I took this loan for 15 years at the rate of interest of 9.5%. I recently tried to check the remaining tenure, its showing 214 month which was 180 month earlier, and interest rate has increased from 9.50% to 10.25% without notifying me. So it mean i'll have to pay 34 more emi's and which will be around 813892Rs additional. This is really very unprofessional and i believe such behavior or cheating customer has to be stopped. Request you to please action on this immediately and revise my interest rate to previous. While repo has been consistently going down, why iifl has been increasing my interest rate. Please stop cheating customers and request iifl to improve your customer care team.I tried somany times but no one responding.

few months back every bank has decreased rate of interest up to 6.5-7% that time i requested iifl to reduce but they dinot decrease, now without any intimation they increased rate of interest .