LIC Housing Finance — Increase in Interest rate

Address:

Chennai, Tamil Nadu

My Home Loan Account Number is[protected] The Loan sanction date was Apr 17 2013 with 10% fixed for 2 years. Now after the completion of 2 year period the rate is increased to 11.75% without any intimation when RBI has reduced its lending rate and insisting other financiers to reduce home loan rates. Many banks are offering 9.85% for the transfer of home loan. When I wrote to LICHFL asking for increase in interest rate, there is no response from them.