DHFL
Increase in loan interest rate without intimation
- 12-30-2007
- 107
We had taken a loan from DHFL for our new flat. While taking the loan the rate of interest at which it was approved was 9.25% floating. Then after a month they increased it to 10.25% without intimation and within another month they have further increased it to 11.50% without intimating us. And now they refuse to give us the provisional certificate and are asking us to pay the diff arised out of the rate change. Can somebody pls guide what are we supposed to do. They also say that PLR rate reductions do not apply to existing customers. Is that right??
Company: DHFL
Country: India