Life Insurance Corporation of India [LIC] — high interest rate

Address:

No.110 1st Floor, Ave Maria Complex,Voc Nagar ,trichy Road,, 613007

Hello sir/madam,

Requesting to revise roi to lessthen 9% without any processing fee.

Loan account1 :[protected]Loan amount : 5 l)

With regards to this loan account[protected], i received notification to my mobile to pay rs.740 due to be paid wherein i had no dues pending and ecs debit happens on time with no delays. When i checked with agent, i have been informed that the roi is changed and i need to take dd for that amount rs.740. Most importantly i was not notified about the change in roi or due amount (Emi revised from 5205 to 5280) which is very much disappointing me while paying my dues without any flaws. The roi for this loan amount looks very high 11.95% compared to other competing housing finances with 8%-9% lower rates. I asked my agent for the revised lesser then 10% roi but i was asked by the thanjavur (Tn) office to pay rs.11800 to revise it. With all this i would prefer to take over my loan with other housing finance where i have got offered with 8.5% roi. I still would like to check if lhf would approve to revise to reasonable lesser roi without any charges on subjective loan, it would be a greatly appreciated and i would help me continue with lhf. The second surprising factor about this loan is the tenure which i asked for is 15 years wherein i see now in the site it shows 20 years term. I would also request you to change my loan tenure to 12 years as well which would help me to repay my loan faster.

Loan account2 :[protected]Loan amount : 11.8 l)

With regards to this loan account[protected], the roi for this loan amount looks very high 11.25%. On this loan as well i would request you approval to revise the roi to reasonably lesser without any charges.

Regards,
Elavarasan n