BHW Home Finance
Upsetting Hike in Rate of Interest

Dear Mr. Achim Vot,

Good Day,

I wish to draw your kind attention to the BHW letter no. Chandigarh/23351/F/Housing/5818 dated 01-Jul (couriered 30 days late) on the Change in Interest rate, I am very upset to read the rationale given by you for increase in the interest rate.

BHW have hiked/changed the interest rate from 11.50 to 12.25 % on account of changes by RBI and economic development.

I would like to draw your kind attendtion towards the interest rates offered by reputed bank like SBI for similar loan. They are offering the same amount loan @ 10.75 % for the same tenure. You may visit their site on http://www.sbi.co.in/viewsection.jsp? lang=0&id=0, 16, 393, 394.

There exists a difference of 1.50 %, which is huge difference. I am aware of the fact that BHW can give long & multiple stories to justify it. However, fact is that BHW is charging exceptionally high.

Hence, I request to please cancel/withdraw the change in interest rate and allow me to continue on old rate which is already on higher side.

It is also requested that incase, you wish to not to cancel/withdraw the change, please allow me to "transfer my loan without any charges" to other bank like SBI.

Hope to have long term relation with you.

Best Regards

Bhushan Kumar

V-11, Second Floor,

Rajouri Garden, New delhi

Company: BHW Home Finance
Country: India

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