Oerlikon textile india pvt. ltd
LBABD00001737495

HI,

I HAVE TAKEN HOME LOAN OF RS 5, 57, 000 THROUGH YOUR BANK IN 2008 AT START LOAN RATE WAS 10.5% LOAN PERIOD IS 20 YEARS AND EMI WERE 240

AFTER SOME MONTHS RATES INCREASED BUT YOU DIDNT INTIMATE ME FOR THIS

NOW I HAVE GOT A LETTER IN WHICH U HAVE MENTIONED THAT RATE ARE DECREASED BY 0.5% AND IS NOW 11.5% WITH LOAN TENURE DECREMENT FROM 597 MONTHS TO 328 MONTHS.

NOW MY COMPLAIN IS HOW CAN SUCH MONTHS OF EMI CAN INCREASE FROM 240 MONTHS TO 328. ISNT THERE ANY MISTAKE?

WAITING FOR YOUR FEEDBACK ..