I have taken a home loan for 30 lakhs in sept at the rate of 9.75% interest rate with a monthly EMI of Rs.28345/- and since then the interest rate with ING Vysya bank loan is continuously going up only and now it is 11.75%. The bank people have never reduced the interest rate on the floaing interest housing loan i have taken when the RBI reduced the rates but very quickly increased the interest rate whenever an announcement is made regarding the increase in interest rate by RBI.
Now the bank people are pestering me on paying an additional EMI amount to make to tenure stable at 20 years and not willing to increase the tenure. When i requested to provide me with a written mail and repayment structure of the additional amount to the telecaller from ING Vysya bank, Bangalore, Ms. Shalini, she was not ready to provide the same and she and her manager Mr. Prasad started threatening and abusing saying that if i dont oblige and come with the blank cheques to their office immediately, will take legal action and attach the property.
I am now heartbroken with their attitude and request RBI and banking ombudsman to take a look at the activities of ING vysya bank home loans and control.
I request each and everybody who read this letter to convey that ING vysya bank home loan should never be touched in need of a home loan to their friends and relatives.
[email protected]
rajesh rajkumar- bangalore.
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