ICICI Bank
RETURN OF PROCESSING FEE

I am an NRI living in USA. Got duped by ICICI bank loan sanction depratment.

sub: Return of processing fee-NRI Home Loan Application No. 9990060050‏ FROM ICICI BANK

1. My Loan was Pre approved for Land Construction for 85 lakhs ON Dec 24.

2 . I called Vishwanath Sajjala Loan Sanction officer on Jan 7th to get the documents from builder.

3. Loan sanction officer gets back to me and says that they cannot sanction full loan becasue there is clause which says "if its past "6months" of registration then you cannot consider "land construction".

4. Now, my point is why this clause was not mentioned in the sanction letter?

5. There was ample time to expedite the process and get the loan sanctioned the loan officer delayed in geting the papers and process it.

I wrote several emails to ICICI with no luck

'ICICICARE=029-154-987' this is the ticket number. They say they cannot return processing fee.

. Also complained in econsumer.gov in USA.

Company: ICICI Bank
Country: India

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