[Resolved] Can Fin Homes Ltd. — Arbitrary increase in interest rate

KRK KUTTY NAIR

from Bengaluru, Karnataka

Address:

Bangalore, Karnataka

I took a housing loan of 12 lacs from Can FinHomes Ltd. Bangalore in[protected]
at 8.5% fixed rate against then prevailing floating rate of 7.5%. In July 2007 they hiked the rate of interest to 11% citing a silent clause in the agreement, i.e. "unforesenn and unexceptional market conditions". Now they have fixed rate of interest at 10.25%. Arbitrarily they have converted the loan from fixed to floating rate of their own. Even now they and other financial institutions/banks are offering loan at 8-9% to new customer, whereas an old customer who took loan at fixed rate of 8.5% is being charged at higher rate.Can anyone offer any help/suggestion how to fight this case against the firm?
KRK Kutty Nair

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Aug 13, 2020

Complaint marked as Resolved

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Comments

Debhanams

from Thrissur, Kerala

This canfinhomes ltd has worst recruitment, i haven't seen before such a hiring preplanned got money and some people were recommended ones. First thing I was so tensed on the day of selection and my hands were shivering I noticed a girl who is sitting next to me just reading newspapers with the leg on other and she got selected even the same day a boy who came late for an interview he got selected, strange thing they even don't no what to ask on interview flippin holes wasted of my money 300 bloody hell. Please don't think I am jus sharing on this blog because of not selected see this is not my anger to be honest with you those who are reading I had done the interview very well and hoped a lot me as well as my mom but it turned to be fade anyways jus read this before going for an interview to this organisation.

Jus go with money or by recommendation.

Regards,
Debhanams