Gic Housing Finance — refund interest on non issued loan cheque and foreclosure charges

Address:

Shop No.104, 105, First Floor, Vishal Chmabers, Ashok Marg, P Block, Sector 18, Noida, Uttar Pradesh 201301, Gautam Buddh Nagar, Uttar Pradesh

This is to bring in your notice that i have been charged unreasonable interest amount on 2.5 lacks rupees bank instrument meant to be handed over to the builder as part payment from my housing loan account with you. The instrument expired in your custody and i have been made to pay the interest thereof. Mr. Santosh who is handling the matter had said that the instrument would only be issued after i got the property registered. I was running short of funds hence had asked you to increase the loan amount to help me get the property registered but i was categorically refused and was told that i can have it enhanced only after a year. Ironically if i do not have the funds how can you expect me to get the property registered. Hence i was forced to approach another bank to enhance my loan amount. The idbi has agreed to take over my loan and for which again your bank is charging me over 61000 rupees to permit the balance transfer no other bank charges this as per rbi rules. Moreover have been paying an interest of over 10.5% for the past so many years whereas the interest rates in other banks has come down to 8.5% or even less. Expect you to look into the matter personally and kindly provide relief from paying interest on the amount that was never credited. Sorry to say this but i would have never opted for gichousing finance had the builder had a tie up with any other bank at the time of booking.
Today i feel like an indian farmer who gets trapped between the bank and the market.in my case bank charging excessive interest and the builder delaying his project pushing people into eternal debt trap.
Need you to personally get involved with the matter and adjust the interest paid by me (On rs 2.5 lakh rupees instrument which expired in your custody) in the full and final settlement for balance transfer.
Look forward to positive response from you
Thank you
Kanhaiya sharma
[protected]@gmail.com