RAJESH MONGAversusHOUSING DEVELOPMENT FINANCE CORPORATION LIMITED & ORS.
Case No.: CIVIL APPEAL No. 1495/2023
Decision Date: 04-03-2024
Disposal: Dismissed
Neutral Citation: 2024INSC162

A.S. BOPANNA*, M.M. SUNDRESH 1 : 2024 INSC 162 Rajesh Monga v. Housing Development Finance Corporation Limited & Ors. (Civil Appeal No. 1495 of 2023) 04 March 2024 [A.S. Bopanna* and M.M. Sundresh JJ.] Issue for Consideration Whether an adjustable rate of interest on home loan would apply based only on the rate of loan – Home buyer filed loan application, opting an adjustable rate of interest – Manager of the Bank assured that the rate of interest would be charged based on the Prime Lending Rate of RBI – Loan amount disbursed, and thereafter, the rate of interest was revised from 7.25% pa 

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