[Resolved]  Axis Bank — Reduction in Home Loan Interest Rates- PHR[protected]

Address:

Mumbai City, Maharashtra

This is with respect to my above mentioned Home Loan Account with Axis Bank. The Loan was disbursed at 10.50% which has moved up to 10.75 and now 10.65% recently. However, the loans are now available at 10.1% which you are also aware. While I had visited your Asset Centre last week for a partial pre payment I was informed that a request is being put for further reduction. However, i have been called today and informed that the reduction is possible only on payment of some charges. This is not acceptable. The competitive banks are really giving me an attractive proposition to move my Home Loan to their banks. There is a total waiver on processing charges and anyways there are no pre closure charges. Hence it is very convenient to move out of your bank. I request you to look into my request and reduce my rate of interest without any charges attached. I will expect a positive response in the next week. Rgds, Ritesh Agarwal