[Resolved] DHFL — increase in loan interest rate without intimation

Dewan Housing Finance Corporation [DHFL]

[Resolved] DHFL — increase in loan interest rate without intimation

N NALINI P from Bengaluru, Karnataka

We had taken a loan from DHFL for our new flat. While taking the loan the rate of interest at which it was approved was 9.25% floating. Then after a month they increased it to 10.25% without intimation and within another month they have further increased it to 11.50% without intimating us. And now they refuse to give us the provisional certificate and are asking us to pay the diff arised out of the rate change. Can somebody pls guide what are we supposed to do. They also say that PLR rate reductions do not apply to existing customers. Is that right?? Was this information helpful? No (0) Yes (0)
Aug 13, 2020 Complaint marked as Resolved
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Comments

Dhananjay Amrut Zambre

Very very very poor service provided by DHFL. Am also facing the same problem. I also took a home loan from DHFL and they harass a lot during sanctioning the loan processing fees is much more than any other bank. And after sanctioning the loan they increase rate of interest within 2 months. So shocking and horrible.

raj bahadur

from Gurgaon, Haryana

DHFL IS GIVE VERY POOR SERVICE, I AM ALSO FACING SAME PROBLEM, THEY INCREASE INTEREST WITH OUT INFORMATION, NO GIVE ANY LATTER

ajeet dubey

from Mumbai, Maharashtra

Ya,

I am also facing the same problem like u people.My int. rate was increased from 11.25 to 12.5 without any intimation.
I suggest that we should transfer our loan from this bank to some other nationalised bank like SBI for lower interst rates.