House construction
About my housing taken in 2004

Sir,

I taken a HTL loan from State Bank of India Kerala state, Kasaragod District on 24/12 as fixed interest 8%. amounting Rs.2 lakh and Life Rs.6000/-. Total Rs.2, 06, 000/-. I am working as Government servant in Rural Development Department as Typist. In that time I accept longterm time to clearing my loan. So they (Bank) said monthly repayment is only Rs.1732/-. I sighned the loan register. But I did Not read fully regr. So I Repaying amount Rs.1800/- per month. No any dues are pending from myside.

A few months before one notice is receieved, mentioning that my interest is increased and now the raised interest is 10.5% . So I also remit the raised interest Rs.3800/-. Then I raised my monthly instalment as Rs.2100/- per month. I did it from last November onwards. But the Principle of my loan is showing only 1, 94, 000/- until till date. No deductions are seen in my cash. I enquiry it. But they saying that interest is raising year to year, raising interest (fixed/flatted) is automatically revert the loan interest. We inform it from newspapers. No intimation is serve from their side to any one to increase the interest. My remitted amount only Rs. 7000/- of my loan until this day. Please see the matter seriously. My Only income is Government Salary. My husband is patient as PIDS. In my family included aged mother-in-law, mentally diseased father-in-law, unmarried brother, my father, mother, sister.

Company: House construction
Country: India
State: Kerala
City: Kasargod

  <     >