[Resolved]  BHW Home Finance Limited — Home loan Interest rate conflicts

Hi,
I have taken loan from (BHW)Birla home finance on floating interest rate, I'll repent for whole of my life on why I have taken loan from such institute which is not customer friendly, doesn't have proper process in place.. As per loan agreement interest rate on loan could change maximum 4 times a year, but these guys have changed the same 5 times for me last year. Nobody in BHW is ready to clarify this.
Anybody can increase your loan interest rate without intimating customer for the same. They will never reply to your query If you enquire on interest rate increase.
I have been following up since June 2007 but not yet got the clarity on why they are charging 11.75% Homeloan interest rate.
Now I'm planning to go to cunsumer court to get my queries clarified from BHW.

Thanks
Vikal
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Aug 13, 2020
Complaint marked as Resolved 
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Comments

yes i agree with all of you. this is the most inefficient bank in the world. they do not have any customer support. they are enjoying with our money. i do not know what to do.

with regards

somnath
hi,

i agree with all of you. this bank has no customer support. they are cheating peaple. i do not know what to do.


with regards

somnath
Yes, looter finanace compnay is Bhw now deutsche postbank. They have looted me 4 lacs in last 4 yrs, but my principal remains same, they say what emi amt you pais is just interaest. They have made my life miserable.My more than 60% of salary goes into emi but since these have kept loan rateso high that i am not able to pay the principle. taken loan at 7.25% in 2005 & they increased it to 13.5% in short duration. But when loan rates reduced they did not do reduce. after much protest they have reDUCED TO 11.5%. nOW WHEN axis & sbi are charging 8.5% & 8%. These are takinf 3 % higher. Let us make a group. Take them to consumer court. a foreign bank is lloting all o[censored]s & we are watching . Come on, let us try.
[protected]@yahoo.co.in
100% agrree looter finance company, made me bankrupt never go to them, other repent like me .
Hi Guys,

There seems some good news for the existing customers of BHW (Deutsche Postbank Home Finance Limited). They came with new scheme called conversion to get the benefit of lower interest rates. You can get the details from their toll free number in their website.(http://bhw.co.in)

BHW Home Finance Limited — PF withdrawal- no response

Referring my PF withdrawal application submittted in month of May 2009; I have enquired with the previous employer fulfilling all the formalities, the same was confirmed to me long ago. Despite of my best efforts, I have been given no response by PF authorities. My PF account no. DL/31765/00254.
With my experience, I can easly summarise that PF department is inefficient as usual.
Sanjiv Dagar
I had applied for the home loan in Deutsche Postbank Home Finance Ltd, Jayanagar, snagam circle, bangalore for 18 lakhs to purchase a house. House is located in Akshay nagar, Ramamurthy nagar.They had taken 11, 582 Rs as processing fees. I was informed that the loan has been sanctioned after 2 weeks of processing and i recieved formal sanction letter for loan file No. 242734 on 26th May 2010.I had signed up all disbursement form, sanction letter, 6 bank cheques etc and arranged for registartion. After collecting everyhting they informed me that the loan has nt been approved and my application is rejected due to some legal obligation but they didn't sent me any formal letter saying that loan is rejected.

I was told that the money taken for processing will be not be refunded(11, 582 Rs) as the loan has been sanctioned but legal obligation and try for some other property.I have been told by executive that they are going to refund the processing fees before applying for the same and now they are telling that as loan is sanctioned we neither return the pre-processing cheque nor fund for this property.They haven't yet handedover all the documents(legal, personal 6 bank cheques) i had given yet.

This is a simple example of harrasment.They can sanction loan to everyone like this and make money using processing fees. The legal documents should have been checked before charging processing fees and offering sanction letter.Executive is still telling they should deduct some minimal amount 1000Rs and the remaining 10, 582 amount they should return and you talk to bank manager. But their Bank mangaer() and credit officer are very stubborn and reluctanct to refund processing fees even after sending many mails, phonecalls.

Deutsche Postbank Home Finance Limited — EPF not received

I have left Deutsche Postbank Home Finance Ltd EMP No.00473 on 11th Feb 2011 and as on date 20th Nov 2011 i had not received my EPF.
When contact concern person at Deutsche Postbank Home Finance Ltd he had told me that EPF would received in the month of August 2011 thenafter told on 15 th Nov 2011 but still not received. When again contacted he told me that i will receive EPF in Dec 2011.
Since i have urgent need of money it is not fair that employee left organization in the month of feb 2011 and in the month of nov 2011 he or she not received PF. Also check at EPF site showing that
EPF withdrawl form received on 6th april 2011 and is under process.

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