Just wanted to write my experiences with ING VYSYA bank.I have a home loan with ING Vysya Bank, and its been just 1.5 years. My home loan interest rate iwas increased 5 times. It was OK initially as I thought because RBI increased intrest rate.
But I realized that , when rest of India was paying 8.5% - 9% I was paying 13%. Thats actually very high, I was OK even with that, but last week I was told that My EMI gets increased now and I’ll either have to pay the increased 200rs every month by going to bank or I have to place a new request for ECS to my savings account. for the increased amount.
Today I get a fresh letter, either get a new ECS form submitted to my savings account or pay a part payment of 2.5 laks to get the emi to the original amount. Man this is very irritating. Also every time I speak with Customer care executive they say they can reduce interest rate by 0.5 % provided I pay a processing fee. This is the worst bank I’ve ever known in my life very very bad service. I am trying hard to get rid of this mess. I suggest people to never ever go to this bank for any Loan.