SBI Housing Loan — housing loan interest rate

Address:

Ahmedabad, Gujarat

I request not to take housing loan from SBI. They are cheating like anything. Only at SBI, you will see two different interest rate - for new customers and old customers. To get the business SBI keeps low interest rate for new customers, and people trusts SBI being nationalised bank. However, within 3 months SBI increases your interest equivalent to old customers. SBI had provisionally sanctioned me housing loan @ 9.95 % (at base rate) on 7.5.13. When I took the loan, they gave me @ 9.25% (Base rate + 0.25% ) on 30.11.15 However, SBI was issuing loan to new customers at 10.1 %. When I put up the complaint, SBI officer asked me to pay Rs 12500 and reduce the interest rate to 10.1 % (BR+0.1 %). I had no option, and hence aid Rs 12500/- to SBI and reduced the interest rate 10.1%. But at that time SBI had already reduced the interest rate for all the old customers at 9.95% and for new customers 9.9%. My payment of Rs 12500/- has been wasted and even though rate of interest is higher than the new customers. SBI officers are not addressing my complaints, and cheating the public openly.