LIC HOUSING FINANCE
Hike in ROI

Dear Sir,

I have taken a 15 year loan @ ROI 8.5% from LIC Hsng Finance in Jun for Rs 28, 59, 000.

As per the agreement 8.5% will be fixed for 3 months. Exactly after 3 months of the amount sanctioned date, LIC has changed the ROI to 9.75% (they have sent me a info mail as well).

Now Nov again the ROI has hiked by the LIC to 10.25% even without any information to me.

Kindly suggest the way forward...