I have availed a home loan from Axis Bank on march 20 , 2006
the principal amount i have taken was Rs. 16,50,000 and floating rate mentioned in Loan saction letter was : 8.00%
My EMI per month is 13,802 and i have payed 21 instalments which comes around Rs. 2,89,842 from May 2006 till Jan 2008.
and they say the pricipal outstanding as of today as of today as per Axis bank Statement is Rs. 16,38,961. So the principal amount which reduced from my outstanding was just Rs.11,039 from 2,89,842(tatal amount paid till date). How come it is possible???
The statement which i received from Axis bank says
what ever the intesert portion they calculate on monthly basis will get added up to pricipal amount every month and whatever the EMI paid will get deducted from Total amount{ Princial + interest portion added] every month and if any Equity mortgage charges to be deducted, that is also getting added up to my outstanding pricipal. So that every month my outstanding principal getting increased.
I contacted them and enquired. They said this is how they do.
PLs somebody help me out as i am struggling with Axis Bank service and i will not be able to pay EMI if it continues like this
since i am a salaried person.
PLS HELP ME OUT
Aug 13, 2020
Complaint marked as Resolved
AXIS BANK is very worst in credit card business. Still now they didn't know how to handle the customer.
Statements are not properly received by customer and some agents cheating credit card appliers
VERY WORST.............................
What their higher official are doing we didn't know,
I think they are just sitting idle and doing something else.????
even we can't talk with customer care people too...always it's busy...
Even I agree with the same.. bcos I am also a victim of the same scenario...
You can reach me @ +91 [protected].
Regards
Bobby
*****AXIS BANK DOESN'T WORK, THEY WANT THEIR CUSTOMERS TO WORK FOR THEM*****
SORRY FOR MY LANGUGE GUYZ BUT BILLING SECTOR OF THIS BANK IZ [censored]ED UP AND SU***CKED UP****