Loan file no - CPL / HOUSIN / IN / 010131
As per the sanction letter the rate of interest will remain fixed at 9.99% for the first six months even if there is a change in RBLR. There is NO condition attached to this statement. Same confirmed by the sales person at the time of disbursement of the loan amount.
However, after only 2 months received a letter stating that the variable rate of interest on my loan has gone up by 1%. A revised EMI schedule attached.
No explanation given for the action contrary to a written statement and no response to numerous queries sent to the branch office in CP and the corporate office in Okhla. I am filing a lawsuit against this organisation.
Loan applied in March 2008. Disbursement in April 2008.
Processed by the branch office at Ashoka Estate, Connaught Place, New Delhi.
PG
Today’s date – August 20, 2008