[Resolved] LIC HFL — Floating rate of interest - Home Loan | |||
Dear Sir, I had taken a home loan from LIC HFL (Gurgaon Branch) 1 year back. Total loan of 30,00,000 at floating Rate of 10.8%. In the past 1 year, interest rates have come down by 1%. But my floating rate of interest has not moved. LIC HFL says they will not reduce Rate of Interest of its existing customers. Reduced interest rates are only for new customers. Then whats the meaning of FLOATING rate of interest? I know that i can shift my loan to some other bank at reduced rate of interest. Why LIC HFL do not pass reduced rate of interest to its existing customers? LIC HFL is cheating its existing customers. Please let me know if you are able to take any action. My LIC HFL Loan account file number: [protected] Ashok Kumar Mittal [protected] / [protected] [protected] Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
2 Comments | |||
Comments
Home Loan Interest — Home Loan rates Enchanced
While the nationalized banks have reduced their rate of interst on home loans, ABN AMRO has increased the rate of interst from 12.75 to 13.5.Does this mean that Government of India has nocontrol over these banks . If so the the banks must be made to advertise this fact like a statutory warning on all its advertisement .
Otherwise there will many more tragedies. (My loan repayment is absloutely current ).
Vinita Suri 9323165
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+91 22 2217 8600
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LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
Home Loan — Rate of floating rate of interest
I am an existing customer of HDFC bank having borrowed 26 lacs loan on floating rate in the month of June-08 when the rate was 10.25% .Now the interest on the above loan has been enhanced to 11% where as for the new custome they are offering the floating rate at 9.50% . My question is why not am I getting the benefit of the reduced rate when I have on floating rate ?