20 years Home loan tenure increased by ~10 years

Name of Complainant Ankur Agarwal
Date of ComplaintFebruary 16, 2023
Name(s) of companies complained against
Category of complaint Banking
Permanent link of complaint Right click to copy link
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Text of Complaint by Ankur Agarwal:

My original home loan account was DHFL. Last year this bank took over by Piramal Housing. I understand every bank has their different terms and condition. But without informing me, they increased the loan tenure by ~10 years and it is unjustified in every sense. Whatever I have paid since the loan transfer until now has gone in interest only, there is no effect on principal amount. This is an insensitive decision by Piramal Housing which has disturbed my life’s financial planning.

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20 years Home loan tenure increased by ~10 years

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