My daughter in law has taken a housing loan at fixed rate for two years. Now she has converted it to floating. Now they wrote a letter that loan is converted to floating rate w e f feb 2016 and interest rate would be 11.45% But I learnt from their website that floating rate is @9.60% How is it possible? I think they are cheating the puRobotouchc by incorporating terms and conditions advantageous to them.
we will be taking the matter with higher official in due course. I request those who have taken housing loan should be careful.
Mohan Dixit.