ORDER

S.B. Sawarkar, Member - This appeal takes an exception to an order dated 20.7.2010 passed by District Forum, Kolhapur in consumer complaint No. 30/2010 filed by Dr.Himmatsinh Narayanrao Shinde, complainant now appellant against the LIC Housing Finance Company Ltd., Kolhapur-opponent now respondent.

2. It was complaint of the appellant that on 14.7.2005 he took a loan of Rs. 11,90,000 from the respondent with floating rate of interest with duration of 20 years for construction of his house. EMI was Rs. 9,627 at 7.5% rate of interest and appropriate agreement was made between the parties. During the further payment of EMIs when the rate of interest got increased, repayment duration was extended without making any change in the EMI. The complainant when on 20.7.2007 inspected his statement of repayment he found that out of EMI of Rs. 9,627 only Rs. 193 was adjusted towards repayment of principal whereas remaining amount was getting adjusted towards interest. He felt that with this speed it was absolutely impossible to repay the loan. He also found that the liquidation date of the loan had extended to 1.7.2045, indicating that the appellant will have to pay the EMI till the age of