Dear Sirs,

I have a home loan with GE Money.

As you know that these days almost every bank/financial institution is lowering their interest rates.

But GE Money is not doing so. It almost 8 months now, they have not dropped their interest rates. I heard that some customers of GE Money are paying at the rate of 17%.

I have checked with GE money no. of times about the rate cut, but they say that they dont have any instructions from the Higher Authorities.

Please look into this matter and its not only for me, but for all the customers of GE-Money, who might be suffering due to no rate cut from GE Money.

thanks and regards,
Rohit
Loan No. GDWL 374

Did they reduce your interest rate.......I am also one of the sufferer.

Originally Posted by Rohit Kumar Sharma

Dear Sirs,

I have a home loan with GE Money.

As you know that these days almost every bank/financial institution is lowering their interest rates.

But GE Money is not doing so. It almost 8 months now, they have not dropped their interest rates. I heard that some customers of GE Money are paying at the rate of 17%.

I have checked with GE money no. of times about the rate cut, but they say that they dont have any instructions from the Higher Authorities.

Please look into this matter and its not only for me, but for all the customers of GE-Money, who might be suffering due to no rate cut from GE Money.

thanks and regards,
Rohit
Loan No. GDWL 374

GEmoney is not helping people of India to come up with homes, but instead burdening Indians under the pressure of loan. Once a customer is trapped they go on increasing rate of interst.The house will never cost that much as their loan amount.
The whole world reduced rate on interest , but they did not for existing customers since they can do anything with their prey now. however for new customer they are giving at very low rates like 8%.
I request greived people to come up and form a forum to fight against the injustice done to citizens of India.
Gemoney has made my life hell.

Sunil Kumar
GBGG 1620

GEMoney has got no values. They have been telling they will reduce rate of interest but still nothing has beed done.
I request Gemoney customers to come together and fight togehter.

Sunil Kumar
GBGG1620

Originally Posted by Unregistered

GEMoney has got no values. They have been telling they will reduce rate of interest but still nothing has beed done.
I request Gemoney customers to come together and fight togehter.

Sunil Kumar
GBGG1620

If we can get together then we can do something against them ... Please let me know if have any plan at my email address -- singh.ajs10@gmail.com

I have a loan with GEMoney too. They do not bring down the interest rate on par with market. They do charge different interest rate to different people. One of my fried is paying ~9.15%, I am paying ~10.5%. Most banks are charging around 9%. On top of this they are charging pre-payment penalty if you want to shift to a bank!

So once you take loan, you are cornered & drained off your money!

They are the worst leeches who will suck your
blood until the last drop beware your life will
be ruined and be very careful when u sign the documents i have ended up paying more then 100% interest yes thats right freinds i was such
a fool when i signed documents in 2007 oct
and till this date i have payed 30 installments
on 4197 that is about 1.27 lakhs on amount
financed just 65000rs and still they say
3000rs is left on bounce charges which i
have paid already imagine after paying them
100% intrested this big cheaters want still
3000rs where will this all end i am going to
consumer court and now fight a battle with this company anyone in mumbai can join me
8108699510

This GEMoney People are cheaters they charge as they like because we while taking loan from them do'nt read the documents clearly and sign the same, So they charge as they like.I request all of our friends, nears & dears don't just fall in the trap of these cheaters,I myself am paying 18% interest rate on my Loan Against Property.

Its nice that sufferers have voiced their concern here. IT is fact that these GEmoney people suck the loan takers.
I have been paying EMIs regularly. But since I have given ECS, these people simply raised the EMI amount without my knowledge. My bank was not having this much funds, got returned,and these people charged me for return of ECS besides the bank.

I like one of the guest saying that we should get together. please reply to me at bunnatan@gmail.com

with an agenda of propagating the dangers of ge home loan to prospective customers
taking legal and statutory recourse
lodging complaint to regulators