ICICI Bank Home finanace
Increase in Home Loan Teno

Hi,

I have taken a Home loan of 35, 00, 000 from ICICI in the year 2008 for the tenor of 240 months, and have already paid around 10, 00, 000.

But for my shock i have received a mail stating that my outstanding amount is around 1.7 crores for the tenor of 489 months (another 40 years) and also increased by EMI by 40kper month - donot understand what is the calaculation metholodgy adopted by them? it is truly cheating and fraudulent method adopted by them

When called the phone banking officer the response i get is pay 19k and EMI of 45k, we will reduce the margin and your tenor by 136 months (what a magic?) and when consulted with my friend they advised that these type of policy will be effective only for a year then again they will show they attitude of fraud - please help in solving the issue

Company: ICICI Bank Home finanace
Country: India

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