Inconsumercomplaints.com » Business & Finance » Review / complaint: ICICI Bank - CAR LOAN-CFOC | News #289390

ICICI Bank
CAR LOAN-CFOC

Sub: car loan –instalment- excess amount of Rs.9000/-

LAN Number: LACHE00011510222

Bank: ICICI BANK

If you go through the Amortization schedule, the loan amount shown is 6, 00, 000.00 and the principle amount (less) ADV EMIs 5, 87, 145.00

i.e.6, 00, 000.00 less ADV EMI. 12, 855.00 = 5, 87, 145.00.

As per the above details, the last EMI date of 05 Aug should be the last

Instalment to close my car loan account.

But in the Amortization schedule you have shown 05 September as the

Last instalment – the amount is 12, 748.00 which exceeds the principal

Amount by Rs.9, 000.00 (5, 96, 145.00 less 5, 87, 145.00).

I request you to rectify the same and send me a note towards the same.


Company: ICICI Bank

Country: India   State: Tamil Nadu   City: Chennai

Category: Business & Finance

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