[Resolved]  Axis Bank — Cheating on interest rate for PL

Address:	Hyderabad, Andhra Pradesh, 500090
Website:	axisbank.com

This was my 3rd experince with banking sector, where the representative confirms something and finally confirmation on agreement will be different while availing a loan.
A representative from axis bank had called me for a PL and i had a need of 8lakhs, where she explained me abt the part, pre-closer and no processing fee thinks and also a confirmation of 11.49% interest rate for PL without BT, after submitting all the document and follow-up for 2 weeks, they approved the loan for 7.7lakhs with an interest of 11.99% which was not fear initially, but due to commitment i had forced me to go with 11.99% and 1% PF.
then a person came to me with an agreement showing clearly 12.49%, here some persons came into pic to compromise for 12.49% forcefully and made a agreement with 5 cheques.
and the day came for disbursment and nothing was happening, suddenly i got a missed call from vamsi(sales person) of axis bank, i called him back and asked for the disbursment, he replied with a surprise saying that the interest rate was wrongly printing as 12.49% and the actually was 12.99%.finally after huge arguments, he agreed that he made a mistake taking an agreement of 12.49% from me and offered me of waiving off the 1% PF on this PL, which i couldnt able take it anymore and asked for a cancellation, he simply replied he doesnt care of the customer and said OK for cancellation also.i really dont understand what if the same thing happen to him a such critical situation and if people take advantage of neccessity.

Santosh