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Home / Legal / Rate of interest on my home loan is already high and bank is asking possession letter. Bank has plans to increase ROI further with 0.5. Can I go to consumer court against this?
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Rate of interest on my home loan is already high and bank is asking possession letter. Bank has plans to increase ROI further with 0.5. Can I go to consumer court against this?

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0 2022-06-30T22:51:06+00:00
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Hey pal,

The rate of interest is set by the lender and the bank can increase the ROI according to their wants. On a home loan, you are supposed to submit the necessary documents. In case, you wish to complain, you can do so to the Banking Ombudsman.

If the terms and conditions are mentioned in the loan application ( list of documents, interest rate, etc), you don't have a solid case. 

 

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Ritwik

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