[Resolved]  IndiaBulls — home loan transparency issue with indiabulls

Address:

Mumbai City, Maharashtra, 400079

I am a customer of home loan from indiabulls housing finance ltd borivali branch.

The home loan was on floating rate basis and two disbursement already done.

Indiabulls were changing homeloan interest from 8.40, 8.50... Till 8.90.

They kept my recent disbursement on hold for two months and i have been following up with them for the same. They were assuring me disbursement by saying next week it will happen.

Finally when i escalated repeatedly they want me to sign an amendatory agrement and they are saying i need to sign the same if i want to get the disbursement

They are not clear about the amendment and all what they were saying that it is for the change in interest rate.

Indiabulls were changing my interest rate time to time even without informing we as the loan is in floating rate. But i was never asked to sign any such amendment-which makes this move suspicious.

There is no clarity and transparency from indiabulls side and now they are not releasing disbursement to get the letter signed which is a kind of blackmailing.

I need clarity and transparency from indiabulls regarding why this amendment is required and i need filled agreement not blank letter if i need to sign.

Loan account number: hhlbor00449604

Regards
Sajin