ICICI Home Loan
CLOSURE CHARGES

ICICI Bank Home loan A/c LBCHE00001037829 / 1364419.

I took a home loan from ICICI in 2005.

When I went to close the loan I was told that I need to make foreclosure charges of 2.50% on principal outstanding. When I took the loan I was told that there wont be any foreclosure charges if Iam going close thro my own funds.

I had complained to ICICI Chennai Branch – Anna Salai on 17.11.09, but no resolution and the treatment by the officials were pathetic.

Is this the way of treating a customer who is willing to settle the loan before the loan period???