I have Housing loan with ING VYSYA and its floating.I was one day in a shock to see my ROI increased to 13.75% with out any intimation and my loan went into negative balance.I neither got a call nor mail on this regard. This is not the end
Another thing is As a floating Rate of interest my interest should reduce and increase as per RBI, but always they have increased the Rate but not decrease it. As per new RBI changes my ROI is not reduced. And every time i call they give a reluctant answer saying it will be reduced "YOU PLZ WAIT". No point in calling or mailing them.
I just wanna say people don't take loan from ING and
Also anybody please let me know is there any possibility of taking action on the bank and how are other banks functioning have they reduced the ROI as per new RBI changes