Dear sir,
I have a plot loan with your bank. I took this loan 4 years & 3 months back. After completion of 4 years of loan period my rate of interest revised to15.5% w. E. F 01.07.2017 (Which is +5% of existing loan) because of non construction of home on plot. I got this intimation via sms & by courier.
Sir, it is difficult for me to run this loan at the interest rate of 15.5% so i requested to my loan branch manager to provide me loan closure certificate.
Now they are imposing a fine of rs 3, 84, 000/- (Three lacks eighty four thousand approx) for the period of 2 years (July 2015 to july 2017).
I am a middle class low earning person, how can i pay this heavy amount. Why bank didn’t informed me regarding this rate high 2 years back. Now when i am checking on my online loan account rate of interest hike is effective from july 1st, 2017.
Pl look in to the matter humbly & i m requesting you to pl wave off my penalty of 2 years (Which was not informed to me timely otherwise i could have taken necessary action at that time).
Regards
State Bank of India [SBI] customer support has been notified about the posted complaint.
Oct 09, 2017
Updated by rajesh1641 Bank Account no. [protected]