ICICI Home Loan
Increase of tenure without prior intimation

Hi,

My Home Loan Number is: lbmum00000642688

Number of Months : 240

Laon Amount : 236000

Availed @7.5%

I have availed the loan of Rs.2, 36, 000 from ICICI home loan at 7.5% and started paying the installment from April onwards, But they have incresed the interest by 0.5 % from February without any notice, and gradually increase it to 13.5% from july and they are not intimating to me.

Also they have increased the tenure from 240 months to 365 Months without any intimation.

And when iterest rates where gone down to 8% recently still they are charging me @13.5%

As per the statement recieved by them, if i am paying Rs.2536 as the EMI the principle amount is Rs 105 and the rest is the interest amount..

Kindly help us, we are not clear what is happening.

Regards,

Ramjeet Yadav

9321081507