LIC Housing Finance — Home Loan ROI increased by LIC | |||
Hello, My Loan Account details: Loan no.[protected] Customer ID: 18590725 I have taken home loan from LICHFL in December 2012 with ROI (2 years fixed) 10.25% at LICHFL Swargate, Pune. Now in the LICHFL site the ROI is showing 12%. Accordingly my EMI amount is increased suddenly by 1500/- I was surprised to see the ROI showing in the site as the interest rates are coming down in these days but LICHFL is increasing them (Current ROI is 10.1% for fresh loans). I visited the office but they not giving proper answer. After some discussion they told me to pay 1% of loan amount as settlement amount to decrease the ROI. Or else we can't help you...Also they give me another offer, If i take top up loan they will give discount 0.5% loan amount instead of 1% to decrease ROI. I am totally frosted about the loan taken...what is this?? ... Please help me to solve the issue?? OR can have only option to transfer my home loan balance to some other bank. Thank you! Was this information helpful? | |||
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+91 22 2217 8600
+91 75 5267 6254
LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
I took home loan from LICHFL(Account no.[protected], siliguri branch) in 2012 at a fixed rate of interest of 10.25%. In Feb. 2015, it was converted to floating type @ of 12.00% interest which shocked me. i called the branch office and requested to bring the ROI down but to my surprise, they told me that I can transfer my account to other banks if i want. Since then i have spent sleepless night. Is there any mechanism to bring down the ROI or do i have to transfer my balance to other bank. kindly advise
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