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Preclouser fee of 2% for my IDBI Bank Home Loan

This is a discussion on Preclouser fee of 2% for my IDBI Bank Home Loan within the Home Loan forums, part of the Loan category; Dear Sir/Madam, I have a home loan from IDBI Bank Bangalore from July 2006,its a floating rate and the current ...

  1. #1
    pradeepjk is offline Junior Member
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    Jan 2012
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    Question Preclouser fee of 2% for my IDBI Bank Home Loan

    Dear Sir/Madam,

    I have a home loan from IDBI Bank Bangalore from July 2006,its a floating rate and the current rate of Interest is 12%, its becoming burden to me , their service is pathetic no Statements,no Interest hike intimation ,every time asked for they keep saying its been sent but i receive other docs like KYC but not these. Right now Interest:Principle per EMI is 10%:90%, wanted to transfer to other bank which is promising to provide at Interest of 10.5% PA , but IDBI Bank is charging 2% fee on balance, should this bank be charging pre clouser charges, Please reply, it would help me to take a decision.

    Thanks

  2. #2
    larad is offline Junior Member
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    Jan 2012
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    Hi Pradeep,
    Just last week I got in touch with their customer care team at icare@idbi.co.in to lodge my complaint and they were very prompt in responding to my query.
    Why don’t you try this? It will be of help for sure!

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