[Resolved] IndiaBulls — high rate of interest after disbursal of home loan compare to other bank

RAJKUMAR MANDEKAR

from Bengaluru, Karnataka

Address:

VASHI BRANCH, Mumbai City, Maharashtra

I have taken the home loan on April 2018 @ 8.40 and without intimation increasing the rate of interest after every 2 month. I have taken the loan for 120 month but after 16 installments balance install show as on date is 117.
From Jan 2019 rate of interest charge is 9.65%. RBI has reduced the REPO rate 4 times in last financial year. But there is no cut off in interest rate from India bulls. Why there is different rate of interest to the new customer and existing customer. And once the loan is disbursal they can increase of their own without any intimation to the customer. My request to the forum to look into matter and do the justice to me and many other like me who is suffering due to injustice

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Dec 19, 2019

Complaint marked as Resolved

IndiaBulls customer support has been notified about the posted complaint.

Verified Support

Aug 13, 2019

IndiaBulls Customer Care's response Hi Rajkumar,

We would like contact you pertaining to your concern on Rate of Interest.Request you to share your contact number or loan account number along with feasible timings to so that we can assist you at earliest.

Also, let us know if we can help you with anything else by writing to us on [protected]@indiabulls or contact us on our toll free number i.e.[protected].

Regards,
Indiabulls Housing Finance Limited.