ICICI Bank
HIGHER ROI FOR THOSE WHO DO NOT TAKE INSURANCE POLICY

ICICI bank is alreay charging higher ROI for home loans than other banks inspite of several reduction from RBI. Above that they are charging almost 1% ROI more for those who do not take insurance from them. Though they claim that insurance is not compulsory, but they apply higher intrest rate if you dont invest in ICICI Lombard or ICICI Prudential.

Can they apply differnt PLR and different margin to that PLR on their own? Or are there any RBI guidelines in this Matter?

Those who have not bought insurance from them have to pay higher ROI for full tenure which turns out in few lacs.

Please look into the matter to bring parity in ROI for all customers of ICICI bank.

Sanjeev

Company: ICICI Bank
Country: India

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