[Resolved]  Ing Vysya Home Loan — ING VYSYA BANK is a Big Cheater. Dont take Home Loan from them.

Hi Gentlemen,

I have also suffered all these like you. However, keep in mind that RBI has given these freedom to all banks. Every bank is same in this HL business taking undue amounts. If at all we should do, we should take up the matter with RBI. The e-mail addres swe can find in rbi website. But I am not sure whether they will respond.

Hi pal.., It is okay that RBI has given them freedom (as part of business..!!) but it is their duty to inform their customers about the rise and fall of interest.and that too the ING is increasing EMI tenure without informing MR D'Souza (not onely Dsouza.. i am also the sufferer..) This one is enough to sue them. ING is really greedy enough to suck all till blood. By their way of sucking, they bush me to sell out my dream home. let me know if any one sued them. I too wanted to be one against them.
[protected]@gmail.com

If anybody has filed complaint against ING Vysysa please let me know. I also want to sue. they are charging exorbitantly high interest rates.Please let me know about the procedure to sue the Bank for this

I am also one of the recent victims who took loan with ING Vysya an year before and paid almost 5 lakhs in which my principal is not even covered 1 lakh and paid the interest part like anything. According to recent RBI guidelines, the ROI has come down and these people are not reducing the increased ROI to existing customers and giving benefits to new customers. I am currently in process of taking over the loan and ultimate sufferer in paying my complete earnings to this bank till date. You never get proper information through the concerned person and the customer service executives fail to give the required information. As everyone said above they truly deserve a lesson from consumer court. I am completely against this bank.

It is one of the junk bank i never i saw, simply cheating peoples by taking too much interest rates,
i have paid around 10lac ffor 3yrs, after 3rd yr i asked for statement for pre-closure, they have given letter with the amount more than whatever amount is taken (24lacs). to close this loan i need to pay 25lacs + including all junk charges. they said all 10lacs gone for interest only

ING VYSYA BANK is big Cheater don;t go with it for any loans or any accounts, it is all junk bank.

Folks,

I too a victim of this bank fraud. Currently, I am paying interest of 11%. Not sure where i stand with others in same bank however my friends are paying much lesser rate in other banks.. I heard that for new customers they are charging interest rates around 8.5 to 9.0% Can any one suggest me how to deal with these people and more over now the part payment they have limited to 25% and that too one time in financial year.

Its true for all the banks

Please join ING VYSYA BANK HATE GROUP on facebook. I am determined to take this bank to consumer court so lets channelise all our energy in only one forum and create representatives who will take the represent group of people from specific areas. Let make this happen as we all are getting ripped by this nonsense bank. I don't even want to call it a bank now.

Ing Vysya Bank statement of account of Home loan is not as per banker's book evidence act as it is not the exact replica of what they have maintained internally. This is causing lot of confusion to the customer when the interest amount exceeds the EMI due increase in floating rate.Ing Vysya should be very clear and apparent in furnishing the actual statement of account. As per initial amortization schedule the amount fixed towards repayment of principal must be adhered and they cannot appropirate the entire EMI to Interest without any credit to principal. This method adopted by the bank has no meaning as the length of repayment period is increased unknowingly to the home loan borrower

Today I got a message from ING VYSYA bank stating the increase in 0.5% in home loan rate. Did you guys also got the same message ?

I too got a message saying .5% increase.When RBI was reducing all rates left and right, they brought down my home loan rate from 12.5 to 11.5 and just when RBI increased the rate, ING Vysya has increased it before anybody else.Stupid bank and I think this is simply my bad luck that I have fallen into their trap. Transfer also doesn't look feasible now as they are asking for 3% + service charge which will cometo nearly 1 lakh for a 25 lakh loan

I too got a message saying 0.5% increase. for lat three years I observed that whenever RBI increases the CRR/Repo Rate ING Vysya bank follow it quickly and increase its PLR. On contrary if RBI reduces the CRR/Repo Rate the PLR remain unaffected which forced us to pay more interest on our home loans. However to trap new customers this bank offers attractive schemes. Currently new home loans are being offerd at 8.25% rate of interest whereas we are paying 11-12% interest on our home loan. ALL LOAN HOLDERS SHOULD DO NEGATIVE MARKETING AGAINST THIS CHEATER BANK, AND TRY TO ESCAPE FROM THEIR TRAP.

I am also a victim. It is rubbish with high interest rates without caring the customers. I had taken a home loan from ING Vysya bank for Down payment plan 2 year ago. My flat is ready for possesion now in next month but they have not disburse the whole sanction amount and keep increasing their intrest rate.they have just increase 0, 5% again. I am keep paying the EMI for whole sanction amount. As per their one of clause(hidden in Agg.letter), I can't close/Transfer the loan without final disburshment. so they intentionaly not disburshing the full sanction amount.When I asked about the reason, they told me that as per their aggrement between Bank & Builders. i don't know what type of dealing they have make with builder. it is a worst bank for loans i have experience. ING Vysya bank increase the interest rate soon but never do they reduce the interest rates. I went their branch office several time for my queries/justification, but no one will ready to even intract you. They are over smart on increasing the Interest rate; but when others reducing their rate, they will not do anything for existing customer. As they know that they have already trapped, if any customer want to BT/foreclosure, they will direct you to so many clause hidden in the Loan aggrement and imposed charges(only maintained and changed frequently by them to keep trap the customerand suited them). They are very rude in behaviour too. and customer care is pathetic.

I am really ashamed to hear all this truth about ING VYSYA BANK. I will withdraw all of my saving & current accounts from this bank on very soon.

More than 90% shares of this bank belongs to foreigners, who care almost nothing about us.

Thank you for your eye opening experiences.

I have applied for home loan in ING!, and reference number is HL[protected] you people have taken the processing fees of 10500/- but finally my loan amount has not got sanctioned. So I request you to repay my processing fees and also please confirm the method of repay on my account.

I was sanctioned a Home Loan on 13 September 2010, by your bank. My loan
case was presented to ING VYASA BANK by Mr Anshul from a DSA called
DESTIMONEY and was handled by Mr Tarun Gera at ING VYASYA Branch at East
Park Road, ING Loan Division, Delhi.

Even after the sanction on the mentioned date and all the papers being
in place, on 1st November 2010 (i.e. more than 1 1/2 months after
sanction), I was informed by Mr Tarun Gera at ING that due to some
complications amongst JAYPEE INFRATECH (our developer) and ING VYSYA
BANK, our loan would not be disbursed.

My last date of payment to JAYPEE INFRATECH was Oct 15, 2010 after which
Jaypee will levy an interest of 18% pa. for the period of delay.

In addition to this I re-applied for the loan with AXIS BANK, and even
today as I write this email to you my loan is still under process.

This wasn't enough, the processing fees cheque was returned to me on 23
Nov 2010 for the amount of Rs.4000/- only, whereas I paid Rs.5616/-
towards the processing fees.

In totality, I find the entire process of the way my loan was handled
unprofessional & unethical. As a client, I have been at a loss, by
loosing on the processing fees I paid to your bank and on top of that
the interest incurred to me by JAYPEE.

Despite of sending complaint emails to ING, no reply and no clarification. I am in for a case in the consumer court to this bank. If we dont sue them, these kind of things will keep happening to more and more people.

My email id ashish.[protected]@fidelisjewels.co.in

Also I am opening a page on facebook, so that more people can join.

ING Vysya is big sucker, i have taken a mortagage loan...i have asked for 7 lakhs...for the property worth 50 lakhs...i was made to take 12 lakhs...Emergency made me to.

You won't belive i am paying interest rate of 14%...they are happy to raise interest at rapid speed .50% when RBI increases...And when it reduces..its just .25%...this not a bank..only once

I have sent complaint mails to the customer care...easily they send me a letter to close the loan.

Count me in while filling the case. I will definetely make this bank suffer...they think they are intelligent...i will defintely show and suck the money i lost back from it.

Raj

Any one has filed a case or got their pre penalty reduced? Pre penalty of 3% is never approved by us. We approved for a 1% only.

Hi,

I am applying for a home loan with ING Vysya. Please suggest.

Hi,

I have applied for home loan from ING Vysya, a98% of the paper work is done. About to get the cheque generated. They say that the Interest rates are going to increase from 9.75% to 10.5% and are forcing me to get the cheque generated before 15th May'11. Not sure whether this is true or just a trick to get me pay Just the interest till the next billing cycle.
Please suggest.