Im have a home loan with GIC housing Finance (Pune). The total amount was 1556000. This was effective 12/10/2012 with the interest rate of 11.25%. I have email sent from GIC stating detail on my loan which clearly state that its a floating ROI. However after baring the high interest I decided to transfer my loan with SBI. However GIC is now demanding 2% foreclosure fee of the outstanding balance of 1448000. this amount come to 29083 which is not acceptable as this was never disclose to me at the time the loan amount was disburse. I have personally visited the finance company however the respond was negative. I have also drop an email regard this issue to GIC. Request you to guide me to get this sorted and get a waiver on this foreclosure fee
