I took home loan of around 21, 00, 000 at 10.25% in Apr.By July its increased to 11.25% and by Aug again increased to 12%. After that as RBI gave standard instructions to all the banks to reduce its come down to 10.5% in July. All these months from Aug till Aug it was at 12% and there is no intimation around the same. Post which the 10.5% continued till July increased to 11% in Sep inceared to 11.5% in Jan again increased to 11.75 in Feb again increased to 12.25% in Apr. In the month of May I realised something wrong and went to the bank people in person to check on the same. They told me to pay additional ~Rs 10000 to get the interest rate to revise from 12.25% to 10.5%, so I have paid the same and also paid Rs40, 000 towards prepayment in May. Post which it was at 10% only for 2 months and again banker revised the interest to 10.75%. Now after paying additional also there is no benefit as well.
With this really bad experience that I am facing from one of the largest home loan issuer bank ICICI.
Please awaiting for your kind action/reply on the same.
Mallik
9886803069
[email protected]
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