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IndiaBulls — over charge of roi

Dear sir,

Greetings of the day,

I am writing this mail with great pain as i have tried my level best to tell indiabulls that my rate of interest on my home loan should be 9.05% and indiabulls charging 11.85%

My rate of interest was 8.35% that is.65% discount to imlr and to prove this i can provide you earlier mails and statement of account which justify my point.

But from november you have raised my roi to 11.85 and your imlr is 9.70 so you are charging 2.80 against term and condtions of loan.

I received a call some days ago that i have not submitted the completion of my construction. It is a very stupid point as i am beneficiary under pmay and you are well aware of fact that as per nbh subsidy is released after completion and verification. So you cant say that i have not submitted completion on home construction.

And my loan was on basis of imlr and i have supported mails to prove this. And you are charging roi on basis of frr.

I asked for copy of loan agreement but that has not been provided by indiabulls

Once again i request you to reduce my roi to 9.05% as per agreed terms if loan.

Thanks and regards

Mukeshkumar jaygopal kalra


Ph [protected]

Complaint Status

[Feb 03, 2019] IndiaBulls customer support has been notified about the posted complaint.
Complaint comments  3 Comments     Updated: ShareTweet


Dear Mukesh,

Apologies for the inconvenience caused to you. We have escalated your concern to our team and will get in touch with you soon.
Biggest Fraud and Cheater Company. It's not a company, it's a biggest scam. Government have to take some actions against Indiabulls Group.

I started my commercial property loan in indiabulls before 15 months with the 10.35% rate of interest. Than they started to increasing roi every 2 to 3 months and now my roi is 13.50%. I visited the Indiabulls branch more than 20 times and i call to customer care many times but they didn't give a any reply and solution.

Indiabulls is the fraud and cheater company. Never take any type of loan from indiabulls and also prevent the peoples who are taking loans from Indiabulls and share your bad experience of Indiabulls with them. So they can take loans from other banks.
Dear Mukesh,

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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    Indiabulls House, 448-451, Udyog Vihar, Phase-V, Gurgaon, Haryana, India - 122001
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