ICICI Home Loans — 13.25% Interest on ICICI Home loans for Existing Customers

pravinlords

Address:

Pune, Maharashtra

I took a housing loan from ICICI in OCT 2006 with ROI 9% (LBPUN[protected]) ...Believe me I have paid only 4 installments with initially quoted RIO.

I dont remember any rate changes from RBI apart from 0.5 basis point last to last month but RIO on my Home loan changed from existing 12% to 13.25%. It was 12% in Jan2011, 12.5% in feb, 12.75 % in March & now I have just checked its whopping 13.25% for April 2011.

Is anybody from RBI listening? ..What kind of loot is this? Do we have somebody who is looking at these matters?

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ICICI Bank Customer Care

from Mumbai, Maharashtra

Verified Support

Hi,

We regret the inconvenience caused. We have made a note of your loan account number. We will get in touch with you at the earliest.

Regards,
ICICI Bank Customer Service Team.

jitendra raut

from Mumbai, Maharashtra

We are also facing same problem. Loan taken for 15 Years for 8.75 % & now after 3 years they claim 13 .25 % interest, So loan goes for 30 years which kill completly & hence decided to shift the loan to nationalised bank

Jitendra Madhukar Raut

[protected]