[Resolved]  Dewan Housing Finance Corporation [DHFL] — dhfl not reducing rate of interest despite lowering by govt.

Address:

115, First Floor, Ansal Bhawan, 16 Kasturba Gandhi Marg, 110001

With reference to my application no.[protected]Rohini Branch) with DHFL

Home loan Code: 00000389 &
Customer Code: 00793105

I have come to know that DHFL is offering Home Loan @ 8.7 %, whereas I am paying interest @ 10.22 %. DHFL has arbitrarily increased the ROI several times in last 15 months, however not reducing when government has reduced the prime lending rate.

I requested DHFL several times to kindly reschedule my home loan at the current rate offered by DHFL i.e. @ 8.7% . It is very unfair trade practice on their part that they increase ROI by their own convenience as per market but not bother to reduce it without taking conversion fee from customer as the housing loan is floating one. Variation/ enhancement in ROI at regular interval seems very arbitrarily in comparison to other banks/ financial institutions and against the banking norm.