IndiaBulls — interest rate increased by 3% within 3 month for plot loan under housing loan

Address:bangalore, 560037

I have taken plot loan under housing loan at 9.85% in november 2017 and ln 2018 year, november they icread roi 10.5% again next month they increased by 11.55% and in month of february, 2019 they have increased by 12.5% and this time without information they increased roi. I talked to customer care they said its due to market condition. Last time i queried the same said that your construction not yet started so you will have to pay the margin by according to customer confirmation i can construct my house within 3 year after plot loan aftethat if i am not able to do they will convert to plot loan which is little more than housing loan. I don't under understand why their only market condition is bad. They can't be in bad condition if they increase roi for every customer. Look like i am frauded by indiabulls and have done very big mistake of my life by taking plot loan from them.
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Dear Sanju,

Apologies for the inconvenience caused to you. Kindly share your contact details or loan account number so that we can proceed further with your concern.
contact number: [protected]
IndiaBulls Customer Care's response, Mar 7, 2019
Verified Support
Dear Sanju,

Thanks for sharing the detail with us. We have escalated your concern to our team and will get in touch with you soon.
they have talked without any conclussion. They will increase the ROI as per their wish & their market condition, but won't dosclouse what market condition they are following. at the end it's their term & conditions. No logic in filing complain here.
Dear Sanju,

We understand that our team got in touch with you and shared all the requisite information. Feel free to get in touch with us in case further assistance is required.

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