Inconsumercomplaints.com » Business & Finance » Review / complaint: IDBI Bank Ltd - IDBI Bank Home Loan | News #297185

IDBI Bank Ltd
IDBI Bank Home Loan

Hi,

I have sent several mails to Customer Care department of IDBI Bank, not received any response on my request. The mail sent to customer care with a cc to Operations Managers Mr. Sujeet Kumar & Mr. Nitikesh Achrekar is pasted below for ref.:-

&&&- Forwarded message &&&-

From: Mileend Nadekar

Date: Fri, May 6 at 11:17 AM

Subject: Fwd: Increase in EMI instead of Tenure (Loan A/c 0552675100001724 - Mileend Nadekar)

To: [email protected], [email protected], [email protected], [email protected]

Cc: Mileend Nadekar

Dear All

Awaiting Reply…..

Warm regards,

Mileend Nadekar

&--

On Wed, May 4 at 5:19 PM, Mileend Nadekar wrote:

Dear All

Ref: LAN 0552675100001724.

This is to inform that with reference to the above mentioned Home loan availed by me, which was sanctioned @ 8.50% however due to increase in ROI disbursed on 06-Dec with ROI of 9.00% with EMI of Rs 17, 356/-. During the tenure of last 4 months EMI increased to Rs 19317/- (latest EMI)

Earlier it was communicated that increase in ROI will be adjusted with increasing the tenure with out increasing the EMI amount. However same is not done, which gives a wrong picture about the practice of your organization.

However across the Home Loan industry, with increasing ROI, tenure is increased rather than increasing the EMI. As per the Age norms followed in Home loan industry, my retirement age will be more than tenure of the Home Loan availed.

Increase in EMI in such a steep manner will drastically affect my monthly cash flow. Hence request you to consider my request to increase the Tenure rather than increasing the EMI, Being a Salaried Person, It would be nearly difficult to repay such a huge EMI.

Kindly revise my loan tenure accordingly.

Warm Regards,

Mileend Nadekar

Credit – RPC West Mumbai

Deutsche Postbank Home Finance Limited

Regional Processing Centre (RPC) – West

Unit No. 705-706, 7th Floor, “A” Wing

Diamoda, Nr. Novelty Silk Mill Compound

Dahisar (East), Mumbai – 400068

Tel 91 022 42485445

Fax 91 022 42485427

Mob 91 96190 14517

http://www.deutschepostbank.co.in


Company: IDBI Bank Ltd

Country: India   State: Maharashtra

Category: Business & Finance

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