DEEWAN HOUSING FINANCE LTD
TWICE INCREASE OF RATE OF INTEREST IN A YEAR 2010

DEAR SIR,

I am a NRI and i have borrowed a loan amounting to Rs 600, 000/- from DEEWAN HOUSING FINANCE LTD in april my loan was sanctioned but i was not aware that my rate of interest is variable.when i obtained the loan that time the rate of interest was 10.50% PA latter when the RBI reversed the proporate ratio my interest came down to 10.25% PA.

In 2010 when RBI increased the ratio that time my interest rate went up to 10.75% suddenly. Hardly 3 months ago they increased the rate of interest and again i received a message from DEEWAN HOUSING FINANCE LTD " DHF announces revision of retail prime lending rate (RPLR) to 16.25% with effect from 11th december for more details get in touch with your DHFL branch today"

This is too much and i hope consumer forum should take serve action against such institutions.

Company: DEEWAN HOUSING FINANCE LTD
Country: India
State: Maharashtra
City: Thane

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