I have taken a home loan from Indiabulls, https://m.mouthshut.com/of rel="nofollow" target="_blank" >@of 8.35. every 2-3 month they increased the interest rate 0.2% or 0.3%, they intimidated me in advance till 9.25%. After lock-down I download my statements and I am surprised that the interest rate was 10.85% from July 2019 means interest rate was changed in back date. I have share the mails visited to Branch but nothing was changes. now from last 8-9 month I get a mail that your basic points increase now they crossed 12%. I have taken a loan of 2lacs approx. and I will pay back 52lac@8.35% with 10.85 goes more then 80lacs. now with 12% I guess it would crossed 1cr.
I have stopped paying my EMI, so much mental harassment they have done. and no proper response. just playing mail mail.
I request you please don’t take a home loan with floating rate. and not from Indiabulls