Complaint Details

Status	:	Closed
Complaint No	:	0038151/2015
Category	:	Banking
Date	:	07-02-2015
Subject Line	:	Cheating on Home Loan Interest Rate
Complainant	:	ARJUN PAL
Address	:	9A MAHESH BHATTACHARYA SARANI KOLKATA 700006
Complainee	:	State Bank of India
Address	:	Beadon street

Complaint Details
The bank is charging 12.5% home loan interest rate since last 4 years for floating rate home loans. The bank is not lowering the interest rate in spite of RBI declaration. Though the bank website proclaims to charge interest rate of 10.15% only.

Replies