Housing loan rate of interest
Double standard which was not know at the time of taking loan
- 02-04-2009
- 286
Dear Sir,
I took a loan of 127500/- for 10 years on 02/07 with 9.25% interest floating. LIC has given me only 2 opetions, floating and fix. Hence selected flating so that LIC will reduce as per their plan.
After that every 3 months they have increased the interest up tp 12.5% and now they have reduced to 11.25%.
However for new coustomers they are giving floating interest as 9.50% when I asked for me to give the same interest.but not given.
My question is, how LIC has double standard for floating interst which was not clared to me at the time of taking loan???
There is no value for a regular coustmer who is paying regularly instalments with high interest??
Where we should ask for legal help for injustice? shall we accept anything that LIC does?
Company: Housing loan rate of interest
Country: India