LICHFL
Monopoly in raising intrest rates

Dear Sir,

I have availed one loan of rs 20 lakhs on Jan at 10.5 % intrest. with in 10 months the intrest goes upto 11.75. where every quarter they have raised intrest by .50 to 1.00 percent.

When asked the reason they were totaly clueless and showing their monopoly in this regard.

Since intrest rates are going down in every bank but still they have their reason to increase of intrest rates.

Let me know where i should go to give an official complain.

I want to register one case with these people.

Regards

Unmendu