Saraswat Bank — Loot with Home Loan interest rate

Two years back I opened a Housing loan account with Saraswat bank. I was promised that the bank revises the Bank Lending rate, if RBI rate is changed. At that time the Interest rate offered was 8.2%. Now the RBI slashed the Repo rate to 4%. Currently the bank is offering new customers 6.7%, but I still continue to pay with 8.2%. Almost all private and nationalized bank have to forward the Repo rate advantage to customer, but not Saraswat.

I would never recommend this bank. Not a reliable Bank. Feels like white collar robbers.
Was this information helpful?
No (0)
Yes (0)
Saraswat Bank customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Saraswat Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    11%
    Complaints
    242
    Pending
    0
    Resolved
    26
    Saraswat Bank Phone
    +91 22 6600 5555
    +91 22 4157 2070
    Saraswat Bank Address
    Building No. 2, Topiwala Wadi, Swami Vivekanand Road, Goregaon West, Mumbai, Maharashtra, India - 400062
    View all Saraswat Bank contact information