I'm Sathish from Bangalore. I have taken home loan from Aadhar Housing finance ltd (previously called as DHFL vysya bank) in 2010 for Rs 13,50,000/- at 10% floating interest rate for 180 months.
Currently i have repaid 19,00,000/- till now without any default in repayment. I'm still paying without any stoppage.
My current outstanding principal is 10,44,000/- and EMI tenure changed from 180 to 262 months with current interest rate is 12.15%.
I came to know about this only when visited AHFL in March 2021 to close the home loan account.
I did request for some percentage of principal waive-off, so that i can close off the home loan account. They are not agreeing for the same and ready to give me 2 % interest rate reduction now.
All these days they have increased interest rate from 10% to 12.75% without any intimation to me and recovered only interest.
I do not want to continue with this NBFC and wanted to close home loan account either with waiver on principal amount or one time settlement.
If i continue with reduction in interest rate what they are offering now, they will certainly increase again without any intimation and increase the tenure as well.
Please advise how can i close this home loan account with waiver in principal amount.