Sundaram BNP Paribas Home Finance Limited, Chennai — home loan
R V Seckar
S7, ABC Apartments, Sriram Nagar, Kakinada
SUNDARAM BNP PARIBAS HOME FINANCE LTD
Kakinada / Chennai
Subject : High Interest Rate is being charged on my Home Loan Account
My Housing Loan no [protected]
Customer Id [protected]
My Home Loan of Rs 45, 00, 000/= Interest being charged at 10.4% when the market rate is 8.5%
I have availed a loan of Rs 45, 00, 000/= for my home on 1st April 2013 for term of 97 months.
One year back, the market interest rates have fallen from 10.4%. When I approached the branch, they asked me to deposit around Rs 10, 000/= for availing interest deduction.
I don't the logic behind depositing a deposit of Rs 10000/- for interest rate reduction.
I am given to understand that new loan and loan takeovers have been charged with reduced interest rates at 8.5% whereas those who have availed loan earlier are being charged with 10.4.
The attitude of Sundaram Housing Loan is against the law and is affecting middle class consumers like me.
Hence, I request you to pass on the interest rate benefits to me in the last three years.
Your early reply will be much appreciated,