[Resolved]  IndiaBulls — raise in interest rate a/c no hhlmys00126507

Address:

Bangalore, Karnataka, 560060

Hello All,

i just noticed that my interest rate has been raised by 370 basis points this year alone, I understand that my load is floating rate but that does not explain a raise of 370 basis points.

I have this loan from past 6 years and this increase has raised by tenure by more than 2 years, which is ridiculous. Worst past is they are not telling me any option to reduce interest rate to current market rate which is around 8.5%.

Can someone guide me, how do i deal with this?

thanks
Nagaraju