I have a home loan (acct no Loan A/C No. PUN/030944) with bank First Blue Home Finance Limited at its Lullanagar, Kondhwa Branch,
Pune, Maharashtra. I have taken a loan for Rs 2975000 (29.75 lacs p.a.) for 20 years. When I started repaying my emi was 26417 in
August. As on today the the tenure has increased from 20 years to 35 years and EMI has increased from 26417 to 31800.
When I ask the justification for this increase bank officials simply say they are acting on RBI guidelines.
I want to understand the Guidelines you are using to calculate this infaltion in tenure and EMI. I am confident your bank is exploiting me.
I want to know the guidelines for estimating the tenure and emi.
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