[Resolved] Ing Vysya Home Loan — Beware of INg Vysya Home Loan | |
I had applied for ING Vysya Home Loan. I had submitted my documents along with processing fee cheque. It was told to me that cheque will be processed after I sign sanction letter. My application was rejected and my account was debited afterwards for Rs 5515. I enquired about this from the person who has taken up my documents and was informed that it will be returned back to me in 2-3 days. Till date I have’t received my money back.( It is more than 20 days) This is something never heard of in Banking fraternity. How can ING Vysya restore to such kind of activity which is primarily based on fooling around with the customer. I had enquired about the limit first for which he took my documents and informed me that he would tell me my eligibility first and than submit the documents. Now they are deducting money for the service they have never provided. Just for submitting documents into the system they are charging Rs 5515. ( Remember inspite of my application being rejected I had to pay Rs 5515 ) . Be careful of ING Vysya Bank Home Loan. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 9 Comments | |
Comments
We took a home loan from INGVYSYA Bank.THEY ARE THE BIGGEST CHEATS I HAVE EVER COME ACROSS.THEY ARE LOOTING PUBLIC AND MAKING PROFITS FOR THEMSELVES.NEVER NEVER TAKE HOME LOANS FROM INGVYSYA Bank.
Although ours is floating rate of interest, they are not reducing the ROI although the ROI has come down now.But when there was a hike in the ROI, they increased it with immediate effect.
When our loan was approved, the rate of interest was 9%.Within a few months the ROI went upto 12%.This change was done with immediate effect for us and we were paying heavily but now when the ROI has come down, they are not decreasing the ROI for us.WHen we ask them about this, their LOAN PROCESSING EXECUTIVE who was so cordial till we took the loan, say"WE CANNOT DO ANYTHING, THIS IS DECIDED BY RBI, I[censored] WANT U CAN SWITCH TO OTHER BANK".ING VYSYA BANK IS A BIG CHEAT, DONT GO TO THEM FOR HOME LOANS, THEY WILL LOOT U.BEWARE OF INGVYSYA BANK.
Although ours is floating rate of interest, they are not reducing the ROI although the ROI has come down now.But when there was a hike in the ROI, they increased it with immediate effect.
When our loan was approved, the rate of interest was 9%.Within a few months the ROI went upto 12%.This change was done with immediate effect for us and we were paying heavily but now when the ROI has come down, they are not decreasing the ROI for us.WHen we ask them about this, their LOAN PROCESSING EXECUTIVE who was so cordial till we took the loan, say"WE CANNOT DO ANYTHING, THIS IS DECIDED BY RBI, I[censored] WANT U CAN SWITCH TO OTHER BANK".ING VYSYA BANK IS A BIG CHEAT, DONT GO TO THEM FOR HOME LOANS, THEY WILL LOOT U.BEWARE OF INGVYSYA BANK.
The entire history is repeated with me but the amount of processing fee debited to my account being Rs.22, 060/-. After waiting for 15days, the agent of the bank who took the documents informed that my application was rejected due to the reasons best known to them. Trying to contact the bank's customer care is till now a foolish step being taken by me every hour.Neither my documents nor the processing fee cheque debited from my account by the bank has been returned to me. Even I am quite unaware of the fact that why my application was rejected though each and every document listed by them had been submitted. WHAT SHALL I DO.
ING Vysya Bank — ING VYSYA BANK HOME LOAN - BEWARE
I opted to avail home loan from ING Vysya Bank ( Bangalore , OTC Branch ) because they said it will be processed in 3 days. The interest offered at that time was 9% ( this is in 2007 ) and then they gradually increased it to 13% and after lots of visits/arguments this was brought down to 11%. Now they claim that they have changed the terms and conditions and hv sent me a letter/email which I never received. In my offer letter then, I was allowed to do 2 partial prepayments each year without any penalty and now they hv restricted this to 25% of outstanding, Also the forclosure charge was 1% then and now they hv increased it to 3%.I wish to know how I could take this up legally ( if anyone had done so earlier ).
Regards.
Dear,
its really very unfair.
but, did you understood the process before signing the loan application, my experience goes this way..
the processing executive told me that 5515 has to be paid along with documents, in case of rejection, , if my property papers are not submitted then the bank shall deduct only 1000 and refund 4000, and if the property evaluations happened then the loan application is rejected or declined then we shall not get any amount from the bank.
this is my experience, hope this is not made clear to you by the executive.
thanks.
its really very unfair.
but, did you understood the process before signing the loan application, my experience goes this way..
the processing executive told me that 5515 has to be paid along with documents, in case of rejection, , if my property papers are not submitted then the bank shall deduct only 1000 and refund 4000, and if the property evaluations happened then the loan application is rejected or declined then we shall not get any amount from the bank.
this is my experience, hope this is not made clear to you by the executive.
thanks.
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.
More than 90% shares of this bank belongs to foreigners, who care almost nothing about us.
Thank you for your eye opening experiences.
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.
More than 90% shares of this bank belongs to foreigners, who care almost nothing about us.
Thank you for your eye opening experiences.
Dear Friend,
I am also facing the simillar situation, can you please tell me how you managed to bring down this interest to 11%. I am tired of mailing them and the only reply I get " we regret not to reduce"
Please suggest.
Best Regards,
Tarun
I am also facing the simillar situation, can you please tell me how you managed to bring down this interest to 11%. I am tired of mailing them and the only reply I get " we regret not to reduce"
Please suggest.
Best Regards,
Tarun
ING Vysya bank,
Beware the number one fraud bank available for us in Kaliyug.
I have taken a home loan from the same in 2008, the rate of interest was 11%, from Nov 2010 they have been continuously increasing it by 0.25%.In May 2011 they increased it by 0.5%.My rate of interest is presently 13%.
Also the employees of the bank are very irresponsible, I recieved a letter from the bank on 5-Apr stating that I have an overdue payment of Rs.33289 ( one month's EMI).Then again after 15 days they sent me one more letter stating that it was a mistake and the reason was due to computer malfunctioning.
I am really disgusted to the core, I have decided to take them or the employee to the court.I want to sue them very badly as they cheat people in the daylight.
Anyone willing to advice me please mail me on [protected]@gmail.com
Beware the number one fraud bank available for us in Kaliyug.
I have taken a home loan from the same in 2008, the rate of interest was 11%, from Nov 2010 they have been continuously increasing it by 0.25%.In May 2011 they increased it by 0.5%.My rate of interest is presently 13%.
Also the employees of the bank are very irresponsible, I recieved a letter from the bank on 5-Apr stating that I have an overdue payment of Rs.33289 ( one month's EMI).Then again after 15 days they sent me one more letter stating that it was a mistake and the reason was due to computer malfunctioning.
I am really disgusted to the core, I have decided to take them or the employee to the court.I want to sue them very badly as they cheat people in the daylight.
Anyone willing to advice me please mail me on [protected]@gmail.com
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Plot No C/12, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra, India - 400051
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ING Vysya home loan — Unfair Charges- Beware of ING Vysya Home Loan
I had applied for ING Vysya Home Loan. I had submitted my documents along with processing fee cheque. It was told to me that cheque will be processed after I sign sanction letter.My application was rejected and my account was debited afterwards for Rs 5515. I enquired about this from the person who has taken up my documents and was informed that it will be returned back to me in 2-3 days. Till date I have’t received my money back.( It is more than 20 days)
This is something never heard of in Banking fraternity. How can ING Vysya restore to such kind of activity which is primarily based on fooling around with the customer. I had enquired about the limit first for which he took my documents and informed me that he would tell me my eligibility first and than submit the documents.
Now they are deducting money for the service they have never provided. Just for submitting documents into the system they are charging Rs 5515. ( Remember inspite of my application being rejected I had to pay Rs 5515 ) . Be careful of ING Vysya Bank Home Loan.