Punjab National Bank Housing Finance [Pnbhfl] — no intimation sent to the customer for increased roi & no revert came from finance company

Address:	Mumbai City, Maharashtra, 400072
Website:	www.pnbhousing.com

Hi,

I have loan account with pnbhfl : hou/vrr/0517/383707, of total principal amount of rs 20, 42, 250. Initially i was paying emi rs 15704. Later i had change the emi amount. I had increased into rs 16394. Concept of to increase my emi from rs15704 to rs 16394 to reduce tenure from 30 yrs to 25 yrs which is why i changed it.

As discussed with branch executive. They are saying term of loan has been increased due to floating roi increased.

I was never intimated about the increase. This sudden change has caused me lot of inconvenience.

I had told them, kindly send me clarification due to which reason roi has been increased. To what has been my interest rate linked to? How is it calculated?

I really look forward to there services but this was disappointing. Awaiting your early response,