Corporation Bank — Housing loan interest rate

Address:Chennai, Tamil Nadu, 600114
Website:www.corpbank.com

As per the website interest rate trend (Attached) it is not supposed to be beyond 10.5% however corporation bank has charged me higher % of interest between 2013 to 2017.

I have paid 480000 as part payment apart from the monthly emi of rs 15500 from the time of purchase (2010) and for the first 3 years rate of interest was supposed to be 8.5% to the max for a loan of 20 lakhs and my emi accomdates it and even with the attached roi rate the balance should have been adjusted apart from the part payments but the balance does not reflect the same.

I need a quick resolution on this as my money has been lost against the agreed interest charges.

Sb account # 2596: nanganallur branch chennai.
Name: sasikumar
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    +91 80 2660 0587
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