IndiaBulls Home Loans
Lending rate (ROI)

Hi, I took a home loan of Rs 12 Lacs from Indiabulls in Dec when I took it, it was given to me at 9%, and then every 6 months or so they increased the rate and now I got a revised rate of 19.5%, I want to know if I am regularly paying to NBFC then why they are increasing ROI and what is the upper limit set by RBI to charge a home loan customer... is this arbitrary in the eyes of regulators that a new customer gets a home loan at rate 9 to 13% in an open market and a customer who is regularly paying his EMI is increased to double the rate he took it originally, and what does regulators are doing to stop these type of malfuctioning by NBFCs, what is the difference between money lenders at the time of British Raj and a free India NBFC ...? Both are free to charge customers at any rate of interest?

Please rever to me my email id is rizwankf@hotmail.com

Company: IndiaBulls Home Loans
Country: India
State: Maharashtra
City: Thane

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