I had availed loan from property loan frin Fullerton in 2018 in the same year they increased my thrice and in this month again for the 4th time I know this is a floating rate and will keep on varying basis Change in REPO rate. But when RBI decreased REPO rate and the whole industry has decreased the rate post covid they didn't reduced it even after several request and now the moment RBI increased the REPO rate and coming back to pre COVID they immediately increased the rate saying REPO rate has change which is unethical when they had not came down to post covid rates and given benefit to customer how can the now increase the rate as they are charging me the same rate through out this 2.5years. If they had reduced my rate they theu have the right to increase the rate and bring it back as per increasing trend.
This company is just stilling money from customer and forcing us to pay heavy interest and as our properties are pledged we are bound to pay this heavy interest. This way we will never finish our loans I took 20 lakhs loan for 180 months in 2018 and got net disbursement of 19 lakh approx now after paying EMI for 3 year my principle is still 19.14 lakhs and my tenor is increased to 227 months. That means my whole life I will be keep on paying this loan. They are just cheating with customers.
Also recently I did the part partpayment just give me th confirmation they tool 9 days and it's been 21 days now still they had not adjusted my part payment and charging me on my whole loan amount.
This clearly shows they are forcing customers to pay heavy interest. Was this information helpful? | 
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