Comments
ICICI — Why HOME LOAN Floating Interest Rates are not changed
If the RBI increases the FRR or PLR then the first to apply this to existing customers is ICICI. But when RBI reduced this rate 3 times during recent months, ICICI will not act on the existing customers. This is a public fraud, why government and RBI is not acting on this. The bank knows that it is diffcult for the customer either to repay or shift to another bank, because that also involves some charges.If the customer is not followed all the rules then they banks are following all legal and illegal paths to get their money from ordinary middle class citizens. But what about the corporates not following.
I dont think RBI and Government is not aware of this. They know it and will not act. Because these stupid people always work for the corporates and not for the customers.
RBI changed the interest rates not for the customers. Because the companies not able to survive, it is acting. It will never act if the middle class not able to survive. This is what INDIA and it will be like that only.
ICICI Bank Home Loan — Bank not decreasing floating rate of interest
Hi,I have taken home loan of 28Lacs from your bank in oct 2006 on floating rate of interest basis. My loan account number is LBGUR[protected]. After few months the bank increased the interest rate and now it is 13.50% reducing.
I contacted your ICICI Bank grugaon branch for quering about the rate of interest and the bank representative said I have to pay 1.75% on the pending principle amount to reduce the same and that too with the head office approval. My complaint is :
1. When rate of interest increased the bank increased the same but now when bank is offering lower rate of interest to new customers then why my loan rate of interest not decreasing?
2.Why do I have to pay 1.75% on principle amount to get my loan's rate of interest to get it reduced? Then what is the meaning of floating rate of interest.
Regards
ICICI is the stupid bank. Public need to start the agitation against the bank. Else RBI has to put the strict rules like all the banks has to have common interest and deposit rates.
Banking problems — Violating RBI guidelines
Dear sir,Many banks in goa are still charging for postage and commission charges, , ,
As per the RBI circular dated 8th october, banks cannot charge for pocket expenses...
they must charge as per guideliness..
Bank name : Goa urban co - operative banks,
My mobile no: [protected]
Dear Sir,
Pls. Find below my approved personal loan details where HDFC bank sanctioned my loan with excess tenure as well as HDFC bank deduct excess processing fees i.e. Stamp paper Charges-60/-, Transaction Fees-562/-, Insurance Charges-587/- etc.
At the time of signing the kit HDFC executive was told me your loan will be 02 year & bank will charged 1.5% processing fees of the loan amount i.e. will be 1500/-(Service Tax Extra), but bank charged total processing fees Rs. 2709/-(Details given below). also bank loan approved 04 years tenure, which is fully wrong communication with the me
Loan A/c No.: 14310894
Loan Amount: 100000/-
Tenure:04 Yrs
Processing Fees 2709/- (Processing Fees-1500/-, Stamp Paper-60, Transaction Fees-562, Insurance Charges-587)
In this regard Today I lodged the complaint in customer care no. 41514332 to Ms. Divya my complaint No. is[protected].
Sir, I agreed to take the loan if all those conditions will be fullfill by the Bank like bank charge only processing fees Rs. 1685/- (Rs. 1500/- Processing fees that i.e. equivelant to 1.5% of Rs. 100000/- which was executive committed to me at the time of signing the kit & Rs. 185/- Service Tax i.e. 12.36% of Rs. 1500/- ) also bank give the loan 02 year tenture otherwise I could not accpt the loan.
Request you pls. look into the above matter on top priorty as HDFC bank not ready to romove all those charges & as well as loan tenure
Pls. Find below my approved personal loan details where HDFC bank sanctioned my loan with excess tenure as well as HDFC bank deduct excess processing fees i.e. Stamp paper Charges-60/-, Transaction Fees-562/-, Insurance Charges-587/- etc.
At the time of signing the kit HDFC executive was told me your loan will be 02 year & bank will charged 1.5% processing fees of the loan amount i.e. will be 1500/-(Service Tax Extra), but bank charged total processing fees Rs. 2709/-(Details given below). also bank loan approved 04 years tenure, which is fully wrong communication with the me
Loan A/c No.: 14310894
Loan Amount: 100000/-
Tenure:04 Yrs
Processing Fees 2709/- (Processing Fees-1500/-, Stamp Paper-60, Transaction Fees-562, Insurance Charges-587)
In this regard Today I lodged the complaint in customer care no. 41514332 to Ms. Divya my complaint No. is[protected].
Sir, I agreed to take the loan if all those conditions will be fullfill by the Bank like bank charge only processing fees Rs. 1685/- (Rs. 1500/- Processing fees that i.e. equivelant to 1.5% of Rs. 100000/- which was executive committed to me at the time of signing the kit & Rs. 185/- Service Tax i.e. 12.36% of Rs. 1500/- ) also bank give the loan 02 year tenture otherwise I could not accpt the loan.
Request you pls. look into the above matter on top priorty as HDFC bank not ready to romove all those charges & as well as loan tenure
ICICI Home Loan Ltd — Interest Rate is Floating But not Floating Down
Hello,I have take a Loan of 7.5 Lacs in the year 2006 at the interest of 9.25% pa which is increased to 12.75% pa in todays date, the type of loan is Floating and now the current Rate of Intrest of Loans are very less but ICICI Bank charges me from 12.75% pa.
Could you help me in getting this clear what is the policy of floting Rates why this is happening and is there any BODY who looks after this all matters.
Other banks has redused the rate of interest even but ICICI home loan is still charging more, will RBI can take action against them??
My Tenure is increased my 4 years from the current date means 6 years actually.
My EMI amout was increased by 1000 Rs two times is this correct.
Please sujjest me the right way to Catch them.
Home Loan — Rate of interest still not changed
I am retired defence officer. Took home loan of Rs. twenty lakhs @11.75 % in Sep 08. No reduction of rate of interest yet.Service — REDUCE OF HOME LOAN ICICI BANK EXISTING CUSTOMERS
I HAVE COMPLAINTS TO ICICI BANK THEE TIMES BY SPEED POST AND TWO TIMES PERSONIALLY CONTRUCT GREEN PARK, DELHI BRANCH BUT ACTION IS STILL AWAITED. S.P.DUTTA M-[protected].icic bank home loan — asking me to sign documents for switching
The icici CSR called me and said my rate will be reduced to the new rate. I reached the bank, there i was presented with a whole new set of loan agreements to switch my loan. This is totally unfair, when loan rates go low, they will change the terms and conditions.There is pure cheating and this is no different india from past when poor people borrowed interest based debt and kept paying for their whole life.
I want a rate cut without the new document signing. The profits can never be made by being over smart and writing one sided agreements.
Shah
Dear Ms. Sultana,
Kindly write to us at [protected]@icicibank.com with ‘Customer Service - Home Loan’ as the subject line. Request you to provide the relevant details of the loan, along with your full name and contact details.
We will be glad to assist you.
Regards,
Nazia Sayeed
Office of the Nodal Officer
ICICI Bank
Kindly write to us at [protected]@icicibank.com with ‘Customer Service - Home Loan’ as the subject line. Request you to provide the relevant details of the loan, along with your full name and contact details.
We will be glad to assist you.
Regards,
Nazia Sayeed
Office of the Nodal Officer
ICICI Bank
Same with me.
Why should we pay 1.75% of the remaining Principal Amount to have the interest rate reduced?
Why should we pay 1.75% of the remaining Principal Amount to have the interest rate reduced?
Respeted sir/madam,
I was applied personel loan to ICICI bank, malleswaram branch, bangalore, on july 2007.I had submitted 3 HDFC bank cheque signed by me, salary slip, Photo copy etc.The loan had sanctioned after all enquiry but i refused loan because i felt high intrest amount ( Rs 39000 intrest of Rs 50000 loan amount).So i just told to excutive that cancel the loan.But i am not given any written form for cancellation.
I left from bangalore on Dec 2007 to chennai and working here.Exisiting company has opened salarised account in ICICI bank Ac no[protected] before that i dont have an account ICICI bank.On 2008 July ICICI bank account has locked without any intimation and i asked near by icici bank personel they said that I have taken personel loan and the EMI not paid so that purpose account blocked.
Around Rs 32000 debited from my account ( Because salarised ac ) and released.
After one year ( augest )again call from ICICI bank and said still i have to pay Rs 39000 for personel loan.Then registered complaint ICICI customer care, those are enquired and told me that cheque disposed on 13.07.2007 and deposited to ING VYSYA bank.But i dont have an account in ING VYSYA bank.Yhen how can i deposit the amount to that bank.
Not yet received any favarable reply from ICICI.
Can you suggest me that what can i do further
Regards,
Anwer saibullah.N
I was applied personel loan to ICICI bank, malleswaram branch, bangalore, on july 2007.I had submitted 3 HDFC bank cheque signed by me, salary slip, Photo copy etc.The loan had sanctioned after all enquiry but i refused loan because i felt high intrest amount ( Rs 39000 intrest of Rs 50000 loan amount).So i just told to excutive that cancel the loan.But i am not given any written form for cancellation.
I left from bangalore on Dec 2007 to chennai and working here.Exisiting company has opened salarised account in ICICI bank Ac no[protected] before that i dont have an account ICICI bank.On 2008 July ICICI bank account has locked without any intimation and i asked near by icici bank personel they said that I have taken personel loan and the EMI not paid so that purpose account blocked.
Around Rs 32000 debited from my account ( Because salarised ac ) and released.
After one year ( augest )again call from ICICI bank and said still i have to pay Rs 39000 for personel loan.Then registered complaint ICICI customer care, those are enquired and told me that cheque disposed on 13.07.2007 and deposited to ING VYSYA bank.But i dont have an account in ING VYSYA bank.Yhen how can i deposit the amount to that bank.
Not yet received any favarable reply from ICICI.
Can you suggest me that what can i do further
Regards,
Anwer saibullah.N
ICICIBANK — interest not given
I Mr. Neeraj having an nri account with icicibank had deposited a checque from regular accont,as their was no proof of source of funds where nri my checque was kept in suspense account for six months,the bank could have always send back the checque to me ,but the funds were transfered from the other bank to icici bank but was not deposited in my account, I think i am eligable for interest of six months .please help me and let me knowThank You
Dear Neeraj,
We're sorry to hear about your experience. Please write to us with your contact details and account number at [protected]@icicibank.com. We'll contact you and work to address your issue.
Regards,
ICICI Customer Service Team.
We're sorry to hear about your experience. Please write to us with your contact details and account number at [protected]@icicibank.com. We'll contact you and work to address your issue.
Regards,
ICICI Customer Service Team.
ICICI Home Loan — regarding current rate of floating interest
My name is rokkam Prabhakara rao I took loan amount of Rs. 390000 from ICICI bank in the year 2004.my present tate of emi is Rs. 4359. I would like to know the current rate of floating interest and the tenure remain for payment. My account no. LBSKK [protected]. Dear Rokkam,
We're from ICICI Bank. We'll contact you and work to address your issue at the earliest.
Regards,
ICICI Customer Service Team.
We're from ICICI Bank. We'll contact you and work to address your issue at the earliest.
Regards,
ICICI Customer Service Team.
ICICI Bank Home Loan — Asking for extra money to reduce HL interest rate in the name of a scheme
Hi,I had taken a home loan from ICICI bank in 2005 for 25 L and current rate of interest they are charging is 11.25 % floating. I called up ICICI customer care and they are asking me to pay 0.5% of outstanding loan principal amount to reduce interest rate from 11.25 % to 9.25%. When i asked what for i have to pay these charges there was no answer and saying its for a current scheme and company policy.
My concern is : are these charges legitimate, and why ICICI bank has not reduced the rate of interest of it's own and offering only when one ask for pre-closure or pre-payment.
regards,
Sudhir
[protected]
PS : Does this forum takes any action on the complaints posted, i have posted a few more earlier but nothing happened..
Hi Sudhir,
We regret the inconvenience caused to you. We'll contact you and work to address your issue at the earliest.
Regards,
ICICI Customer Service Team.
We regret the inconvenience caused to you. We'll contact you and work to address your issue at the earliest.
Regards,
ICICI Customer Service Team.
ICICI — Denying the Agreement for Change in Interest Rate
HiThis is Amit Gupta. I have taken Loan from ICICI Bank for 20 lakhs Account No. LBMUM[protected]. Last year ICICI bank employees (Mr. Yusuf, J.B Nagar Branch, now shifted to Vasai Branch) persuaded me for a scheme which reduced my interest rates while paying some fees against it.
I went through following procedure
1. Agreement on a Franking document - which i have a copy
2. Opening an account with ICICI Bank - I deposited 10,000 and started an Bank Account
3. Medical Insurance - They took cheque and didnt submitted, nor they returned back me the same ever
4. Additional Fee of 3339 - They took cheque and didnt submitted, nor they returned back me the same ever. I have the receipt for the same (dated - 24/02/10).
Now these guys are denying the change of interest rate inspite of they signing Legal Agreement with me. I have met the Branch Manager there Ms. Uma Pande (on 27/01/11) in regards the same.She says that we have not submitted the cheques for the Medical insurance and fees, hence the entire thing stands cancel.
Please advice me how can i get resolution in the matter whereby Bank is denying me lowered interest rate inspite of me
1. Having the signed agreement for lowered interest rate
2. Opening the bank account just because of scheme they had
3. Running around to get the agreement done
This is a open cheating case of the Bank with the consumers where they are denying their own signed agreement.
Regards
Amit
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ICICI Housing Loan Division — Wrong charge of interest,
Sir,My tenants Joseph (Joseph welding co) situated at 100 ft road, Banaswadi main road, is due for my shop rent Rs 50,000 ( neither he paid money till today. Apart from this he borrowed money from differerny finance institution, not paid back to them. I came to know that he borrowed the sum of Rs 16,00,000/- from yours icici housing finance. please recovery immediatly otherswise bank will loose money. You can contact me to my mobile [protected] let me help the bank to recover the same
yours
ke