Hi,
The Deutsche Postbank Home Finance Ltd from which I availed a home loan 2 years back (File # HYB - 3053), is currently charging 11.75%.
When a request was made to reset the rates as the rates have come down and its also a floating rate, an offer has been been made to reset the rate but comes with processing fees for the same.This beats the very fundamental of having a floating rate loan.
Below is the offer and reset rate being offered which is very sad in my terms.
Dear Sir,
With reference to your letter, requesting the foreclosure details, we would like to note that the repayment of your loan has been consistent and in recognition to your good repayment history, we are pleased to offer you the revised variable rate of interest with following features:
Offer – A
CategoryROI on Conversion Fee of 0.50 + ST % for Salaried and Self Employed
Home Loans upto 20 lacs 9.75%
Offer – B
CategoryROI on Conversion Fee of 1 % + ST for Salaried customers
Home Loans upto 20 lacs9.25%
Offer – C
CategoryROI on Conversion Fee of1.5% + ST for Salaried Customers
Home Loans upto 20 lacs9 % Was this information helpful? | 
As a fellow consumer, I need some help. I had a home loan from Deutsche Postbank home finance limited and i was pissed off with their high interest rates. It created a lot of problems. IF I did’t do anything, I had to bear very high interest rates. When I tried to discuss this with bank, they asked me to pay 41000/- rs (1.5% of principal outstanding) for reducing the rates. Also, there was a prepayment penalty being imposed on me by bank in case I decide to switch over to another lender offering me lower interest rate which was a restrictive trade practice. SO, IT was a three way loot. I decided to move out and then filed a consumer court case against them. To my surprise, in their reply submitted to the court, they have told that they were not giving loans at lower rates for the new customers. I need your help in nailing their lie. I will be really thankful if someone who had availed loan from them in Oct-Dec'09 time frame and come forward and send me the ROI with their file numbers so that i can quote them in my reply. Thanks a lot for all your help in advance. You can send email to me on tiwari.[protected]@gmail.com and call me on [protected].