State Bank of India — interest rate charged

Address:

Alwar, Rajasthan

Dear Sir,

I have taken a Home loan from SBI Bank of Rs. 20.00 Lacs as on 23rd, Feb-2011 (Ch. Recd. date), in that period they announce (Compaign) Home Loan interest rate 8.50 % for the first year and 9.25 % for the next two years. Now they have charge at floating rate. I have correspondence with Bank and they show me a circular where they have mention that there is no fixed rate. I have deal with the SBI bank on the above rate basis, at the time of disbursement of loan they have not provide any document to me, after too many request (after 6-7 momnth) they provide me arrangement letter where they have not mention any such type interest rate. My complaint is this bank must charge int. @8.5% for 1st yr and 9.25% for the next two years. Rather than their hidden office circular basis.

Pls help me on this matter.

Your Faithfully,

Sanjeev Kr. Agarwal