Life Insurance Corporation of India [LIC] — loan no. [protected] - interest rate is charging high without notification

Address:

VMAKS RIO, Room No. 110, Near Axis Bank, Anantha nagar, EC Phase 2, Bangalore , KArnataka - 560100, 560100

Hi,
I had applied a house loan of 5 lakh and got sanction of 4.5 lakh on december, 2005 with 7.5 floating interest rate against my mother property in dankuni, west bengal. Due to my busy work in india and abroad, i did not look into current interest rate. While looking into last month through internet, i observed that lic housing finance is charging 11.95% interest rate per annum. Don't we think that this is too much. All banks are charging now 8 to 9 percent whereas lic housing finance is charging 11.95 percent. I know that 8 to 9 percent interest can be charged only for new loan. But 11.95% can be charged.. Whenever i met with area manager soumitra chatterjee and employee sourab bharadwaj and requested them to reduce percentage, they told me that i have to pay 11800 rs to reduce from 11.95% to 9.70%... Do you believe that for such a public sector lic subcidiary company they are charging 11800 rs for reducing interest 11.95% to 9.70%.. Second, i visited two times and lastly i got to know that i have to bring my other who is widow and not able to walk properly. Without her, i cannot submit my cheque.

My question is
- for 4.5 lakh amount starting emi from jan, 2006, stil 1.38lakh is pending as outstanding. Monthly emi is 4635. Can you please have a look into this? I believe that lic housing is cheating customer...
- why 11.95% emi today?
- i have moved from kolkata to bangalore? Can i do a follow up from bangalore