plot loan / increased interest rate
In my current company I don't have PF. So I wanted to pay some amount for my plot loan with Sundaram Home Finance.That s why, what I did was I had asked Sundaram Home Finance T.Nagar to increase Rs.5500 with my EMI in addition to the existing EMI(11500). Because I want to pay Rs.5500 towards my principle from April 2010. But Sundaram home finance baustered sent me a letter after three months saying that my rate of interest had been increased from May 2010, so EMI has been raised to Rs.17000. Please don't do this kind of payment actives with any private banks.It’s really hurting me.
If I didn’t pay that amount that baustered would have not raised my interest rate to this much %.