[Resolved]  Axis Bank Home Loan — LOT OF DIFFERENCE BETWEEN SAYING AND DOING

Axis Bank — HOME LOAN COMPLAINT CHEATING TO INNOCENT PEOPLE

HAi GUYS,

HOUSING LOAN AGREEMENT No.[protected] FROM AXIS BANK, LUDHIANA.

I TOOK HOUSING LOAN FROM AXIS BANK, LUDHIANA IN OCTOBER-- 2009 ON FLOATING INTEREST RATE BASIS . AT THE TIME OF SANCTION OF LOAN AXIS BANK INFORM ME THAT MY INTERSEST RATE ( FLOATING ) WILL BE LINKED WITH BANK MRR. IT MEANS AS THE MRR INCREAES MY INTEREST RATES INCREASE AND RECIPROCAL. DIFFERENCE GIVE ME IS 2.75 % LESS THAN MRR AS PER THE POWER HOME SANCTION LETTER.

BUT AT PRESENT AXIS BANK MRR REDUCE BY 1.5% ( FROM 14.25% TO 12.75 % ) BUT MY INTEREST REDUCED ONLY BY 0.25 % ( FROM 11.5% TO 11.25%).

WHAT IS THE SOLUTION .HOW I CAN SOLVE THIS PROBLEM. PLEASE HEPL ME. MY MOBILE NO. [protected] .MY E MAIL ADDRESS ---- [protected]@yahoo.com.

Applied Housing loan at AXIS BANK take over from SBI/GWK/VIZAG till date not sanctioned the housing loan I dont now the what is the reason.I am already taken outstanding letter from SBI as per your bank advice on 27.01.2009.This is the best service of your bank and nobody responce.

Just for the info of the blog readers, I cheked with Mr Vikas Somani. There was some confusion / miscommunication between sales rep and him. He was actually offered the Margin discount of @2.25% wherein he was under impression to get @2.75%. Finally settled with the bank for 2.5%.

Ideally Margin discount remains same for the whole tenure of the loan, so if PLR reduces 1.25% ideally his loan rate shld reduce by 1.25% but w.e.f the next quarter, not the current month.

My problem is still not solved as till[protected].I have never talked to Mr Ankur Grover. I contact him many times but didiont talk me.Please provide me his mobile no. My mobile no is [protected].