Gic Housing Finance — rejection of loan on which was sanction earlier and increase in instalment inspite of decrease in repo rate.

Address:

411013

Dear gic,

Greetings to you!

Earlier was sanction to home owner rajiv londhe for kanish apartment, diva west. For rs 488500, when i want to purchase the same flat it was told that construction is legal and reject. Then how come loan was sanctioned first case.

Then i took mortgage loan from pune branch loan no[protected], initial emi was rs. 7422/- when i took the loan. Then i started getting instalment increased due to change in repo rate. Please explain to me when repo rate is changed the how come the emi increased.

Please let me know why should i take this matter to consumer court. Please provide me proper explanation for the same

Manish tribhuvan