Punjab National Bank Housing Finance [Pnbhfl] — High rate of Interest

Address:

No. 117, 12, Spandhan, Survey, 1, Popular Nagar Rd, Warje, Pune, Maharashtra 411052, India

I have taken home loan (Loan no. HOU/WRJE/0319/659858) from PNBHFL in April 2019 with 9.10% floating rate of interest. It was communicated from PNBHFL that if RBI will reduce repo rate, then this rate of interest will also be reduced.

RBI has been already reduced repo rate; but PNBHFL is not going to reduce rate of interest for my home loan. My property is still under construction and it gets difficult to pay heavy rate of interest.

So, I need the reduction in rate of interest with immediate effect to avoid any ECS/cheque bounce from my bank and to maintain monthly payments on time.

Attached latest received interest certificate from PNBHFL.