[Resolved]  IDBI Home Finance Ltd. — Higher ROI on Home Loan charged for Existing Customer.

Hello Sir,
I have taken a home loan from IDBI home finance Ltd Dadar Branch of Rs.950000 in July 2007 at 11%ROI at that time.Now after 2 years when the market situation has change so dynamically with RBI slashing repo rate, CRR, SLR and all other rate to make sure the End Consumer is passed on the benefits of cheap credit availablity.But IDBI home finance is not reducing it PLR for existing customers.So i m thinking of filling an affadivat in consumer court against IDBI home finance as it is not providing the benefits of cheap fund to the consumer and is just interested in making profit at these times when the end consumer is against so much pressure. please tell me how can i take this forward and if there are other similar customer or people facing the same problem then we together can do some legal action against these attitude of banks.
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Aug 14, 2020
Complaint marked as Resolved 
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Dear Mr. Jain,

I am agree with your views. IHFL ( IDBI Home Finance Ltd) is not listening to customers and nobody in IHFL give proper answer for reduction in interest rate. IHFL never intimate to customer for reduction in interest rate.

IHFL shall be tried in consumer courts
Dear Mr. Jain,
I agree with your views. I am also facing same problem. Today I talked to bank officers also, they are not able to provide me satisfactory answer. I feel we need to file complaint together.
Regards,
Gurunath
Reply to: [protected]@rediffmail.com
I have also taken loan from IDBI Homefinance, Pune branch in 2008.
They offered me ROI 11.5% at initial condition. Afterwards it has been reduced to 10-10.25%.
Still this ROI is too high compared to other banks.
ICICI & HDFC is having facility of spreading interests rate (i.e reducing ROI by paying some charges)
.
I demanded same or similar facility, to reduce my ROI. But they told me that they are not having any such scheme.
I am not able to understand the way by which IDBI will reduce ROI for me.
Please suggest?

Sachin.

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