South Indian Bank — Complaint against Bank regarding Home Loan EMI

Address:

Jamnagar, Gujarat

Sir, We took home loan from south Indian bank year ago. I am regular EMI payer to bank. Recently RBI reduced Base rate for all banks. With same effect all the banks reduced there base rate. due to above effect EMI or tenure of home loan is reduced. I asked to South India Bank to do same. I was shocked to listen that they reduced there base rate from 10.50 to 10.20 but they didn't reduce EMI or Tenure of existing loans. I feels its purly cheating with all the borrowers. I am seeking your help in this matter. Its big issue for all south Indian Bank customers. Plz Help