[Resolved]  Punjab National Bank Housing Finance [Pnbhfl] — adjustment of pmay subsidy

Address:

Ghaziabad, Uttar Pradesh, 201003

Hello sir my H/L a/c no is HOU/GHA/0717/410257 sir my loan started in the month of sep17 for a total tenure of 324 EMI. Sir in the month of jun 18 i received message that i have got PMAY subsidy of rs 235068/- and will be adjusted as a pre payment against my principal amont and my EMI will be reduced, when i asked about the detail of adjustment then i was told my new EMI will be 20995/- for total tenure of 346.
Now sir i[censored] see if tenure of any loan increases then EMI aoutimatically redeuces but in my case bank told me, reduced EMI will be for 346 month. sir I received subsidy after paying EMI of 10 months so i left with 314 month of my loan tenure but bank instead of adjusting PMAY subsidy in left over 314 month tenure has increased total tenure by extra 32 month and told me new terure will for 346 month.
This is totally ill logical sir in this case instead of getting benifitted by subsidy amount i will be in huge loss, if you calculate i have to pay EMI of 20995/- for 32 more months resulting more than 6 lacs extra from my pocket.sir i request u to please look into my case and please adust my subsidy amount of 235068/-rs in my left over tenure of 314 months only as i have paid EMI for 10 months so far.
Sir i will wait for a positive responce from your end.
Thanking you Jai Hind.