Reserve Bank Of India [RBI] — home loan interest rate reduce

Address:

380058

Axis loan account number: phr[protected]

I got home loan from axis in 2014 and paying all emi regularly but axis never reduce interest rate when rbi reduce quarterly base. Recently i visited axis home loan department in jun 2017 for reduct my home loan interest rate and axis asked me rs.2, 500/-+ service tax. I paid same amount for reduce interest rate.

Now a days – most of bank has cut interest rate and i asked to do same to axis but they are again asking again rs. 2500+ 18% gst for reduct interest rate. I got below reply from axis.

Could you please help to reduce home loan interest?

As per our records, your loan current rate of interest is 8.50%.

Please find attached repayment schedule for your reference.

As per mclr, the rate of interest will be revised once in 6 months. As you rate of interest has been revised to 8.50% on 10/07/2017. The same will be revised automatically post completion of 6 months i. E 10/01/2018.

However, we have an offer to reduce your rate of interest to 8.4%, where you will need to pay a nominal charge of rs. 2500+ 18% gst.