ICICI Bank
Incorrect interest rate, 20 year tenure changed to 45 years

Hi,

I took two home loans from ICICI bank around 5 years back.

Loan 1 (LBDEL00001283540): Loan Amount: 642000

5 years back (inception of loan) Now

Principal Loan Amount left 642000 614762

Tenure 240 months 539 months

EMI 5471 6916

Rate of Interest 8.25 13.5

Loan 1 (LBDEL00001283535): Loan Amount: 1285000

5 years back (inception of loan) Now

Principal Loan Amount left 1285000 1230561

Tenure 240 months 540 months

EMI 10950 13076

Rate of Interest 8.25 13.5

Principal amount has not decreased and EMI/tenure/interest rate is keep on increasing. ICICI current floating home loan interest is 9.5 whereas they are charging me 13.5%.

Regards,

Sunil