Hi All,
If you want to go a home loan and suffer for the rest of your life - go for ING Vysya Bank Home Loan. Please avoid this bank, better go for SBI, HDFC or Axis Bank.
ING Vysya bank are BIG CHEATERS. They gave me a loan for 10.5 % and increased it to 12.75 % in just one year. To reduce the interest they asked me to pay 1% of the outstanding and decrease the rate but after reducing the loan to 11% for a month they again increased it to 11.75% without any RBI hikes.
1- Their customer service is pathetic, they take 3 days to respond and about 10 days to resolve any issues.
2- They do not see the progress of the construction and release money to the Builder Directly. They have good relationship with all the 3rd grade builders.
3- They mention 2% foreclosure charges but when you try and close loan they increase it to 3% of the outstanding amount.
4- They never receive your calls and ask you to come to their Mission Road Office, Bangalore for every damn thing.
But after 4 yrs, I am relieved man now. I foreclosed my loan and moved to another better bank (SBI).
PLEASE PEOPLE, AVOID THEM even if that comes at the cost of NOT buying a home.
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