LIC Housing Finance Ltd — rate of interest increase charges raised

Address:	Bangalore, Karnataka, 560056
Website:	www.lichousing.com

Dear sir/madam,

I am currently holding loan with lichfl. Account no.[protected]. The rate of interest for 2 years was 9.6%. Now suddenly it has been increased to 11.5% without notice.

When i had called up 2 weeks back, they said i can change it by paying rs.1150. I said ok, but when i called up to lichfl brigade road branch bangalore. Mr. Ashish kumar is the area manager. Mr. Kiran[protected] staff of the branch said it has been increased 4 days back to rs. 11, 800.

I see this as clear injustice. Firstly increasing the roi to 11.5% without notice and secondly increasing the processing charge from rs. 1150 to rs. 11800. 10 times more.

There is no logic to this hike.

Regards
Vinayakumar