Complaint / review / scam report
Home Loan
HIGHER INTEREST CHARGE THAN TABLE

I have taken Home Loan from SBI Ganges Garden Branch in July'2005 of Rs. 3.25 Lacs on floating basis vide A/c No 30009447151. Almost loan amount is being paid only about Rs.1.15 Lacs of principle is remaining but it is surpurising to see that interest rate is bacame higher & higher day by day. When I taken home loan it was 8.50% but now it is 12.75%.12.75% interest rate is not justify with any table chart of SBI HOME loan.

HOME LOANS - INTEREST RATES

All Rate are floating only (Base Rate= 10.00% p.a.)

Loan Amount Linkage with Base Rate over the tenor of the loan Effective Rate

Upto Rs. 30.00 lacs 0.75% above Base Rate 10.75% p.a.*

Above Rs. 30.00 lacs and upto Rs. 75.00 lacs 1.00% above Base Rate 11.00% p.a.*

Above Rs. 75.00 lacs 1.25% above Base Rate 11.25% p.a.*
Author: anilojha69


Offender: Home Loan

Country: India   State: West Bengal   City: Howrah

Category: Business & Finance

0 comments

Information
Members, of group Guest, can not leave comments on this publication.
Please register on our website, it will take a few seconds.