HAi GUYS,
HOUSING LOAN AGREEMENT No. 0420100098532 FROM AXIS BANK, LUDHIANA.
I TOOK HOUSING LOAN FROM AXIS BANK, LUDHIANA IN OCTOBER-- 2009 ON FLOATING INTEREST RATE BASIS . AT THE TIME OF SANCTION OF LOAN AXIS BANK INFORM ME THAT MY INTERSEST RATE (FLOATING) WILL BE LINKED WITH BANK MRR. IT MEANS AS THE MRR INCREAES MY INTEREST RATES INCREASE AND RECIPROCAL. DIFFERENCE GIVE ME IS 2.75 % LESS THAN MRR AS PER THE POWER HOME SANCTION LETTER.
BUT AT PRESENT AXIS BANK MRR REDUCE BY 1.5% (FROM 14.25% TO 12.75 % ) BUT MY INTEREST REDUCED ONLY BY 0.25 % (FROM 11.5% TO 11.25%).
WHAT IS THE SOLUTION .HOW I CAN SOLVE THIS PROBLEM. PLEASE HEPL ME. MY MOBILE NO. 9316917308 .MY E MAIL ADDRESS &- [email protected].
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