LIC Housing Finance — Reduction of Interest rate or Balance transfer

Address:

Bardhaman, West Bengal

Dear Sir/Madam, I have taken a Home Loan of Rs.20, 00, 000/= from LIC Housing Finance on 24/01/2012. My Loan Account No. is[protected]. At the time of taking the loan the interest rate was 10.40% which was 0.10% less than other banks. So, I decided to take the loan from there. But within one year they have increased the ROI to 11.10%. Now as interest rate has been decreased by almost all banks/NBFCs, LICHFL is not doing anything. I have applied through email to reduce ROI and they redirected the matter to Durgapur Branch Manager. I applied to branch manager and he just rejected my application saying that he is unable to do anything. I even queried for Balance Transfer to other bank and he said that 2% levy on the outstanding balance will be charged in this case. I am just stuck in between. I have another loan at DHFL where they have reduced the ROI from 11.85% to 10.25% with a nominal charge (2500 + S.Tax). They are denying any service in fact. I am now repenting taking loan from LICHFL.So, I am requesting you to kindly look up the matter urgently and please guide me for the next action.Thanks and regards