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IndiaBulls — rate of interest increase of emi

Address:448-451, Udyog Vihar, Phase - V, Gurugram,, 122001

I have purchased home in Supertech Hill crest Sohna road project and take home loan from Indiabulls in 2016 but as the supertech haven't completed the project in 3 years so India bulls increased the home loan Rate of Interest from 9.25% to 12% by saying that your property didn't registered in 3 years so we are increasing your EMI. Is this legal?. How can i reduce the Rate of Interest of EMI to current RI which is around 9%.
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IndiaBulls customer support has been notified about the posted complaint.
Jun 08, 2019
Updated by sharma.naman How will my query will resolved? Will they contact me ? but i didnt mentioned any of my details here.
Sep 20, 2019
Updated by sharma.naman Still not action/improvement in this complaint
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2 Comments

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Comments

Please be aware, after continuous followup with RM Subhadra saha for updation of the bank details she didn't help me out (apart from account opening) and now indiabulls has debited money from demat account . Fraudulently extracting money from the customers!
Reply
Indiabulls Ventures Limited's reply, Jun 18, 2019
Dear Oyendrilla,

Apologies for the inconvenience caused to you. Kindly share your contact details so that we can proceed further with your concern.
Indiabulls Ventures Limited's reply, Jun 28, 2019
Dear Oyendrilla,

We haven’t heard from you. Kindly share the requisite details with us and our team shall get in touch with you for assistance in this regard.
Team,

I am escalating the matter that without any information how ROI can increase from 8.33% to 11.15%.

Sorry in that case we will transfer our loan amount from India bulls to some other bank.

How possible no lock in period in India bulls if it is not than sorry India Bulls making full to their customers.
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