Complaint / review / scam report
GIC Housing Finance Ltd

We R. Gupta & D. Gupta had taken a home loan under file number G02972. At the time giving loan they offered me 9.25 % interest rate with the assurance that they will always be lower than the market. After two months they increased the interest rate by 11.75 percent where as others were charging not more than 1o.5 %, I have requested and took my case to their senior aurhorities but there was no hearing. We were in such a mental stress that we were just felt helpless and forcefuly paid what they demanded as one of us was without the job in between for few months, hence we could not transfer the loan to some other bank. We are trapped with the following company with the assurances that they will soon decrease the interest rate. Recently Govt. Of India has decreased the Bank Interest rate where as they are still charging the same.

I would like them to charge the interest rate as per the market but not more than the market and the govt. of India regulation. Following is the Name & address of the bank where my file is open:

Mr. Santosh Kumar


Noida Branch Office

B-104, Vishal Chambers,

Sector – 18,

Noida, UP

Tel: 91 12 2514145 / 2511751

Fax : 91 120 2514145

Email :

Offender: GIC Housing Finance Ltd

Country: India   State: All India

Category: Miscellaneous


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