ICICI Bank
Unwanted Interest

To,

The Bank Manager,

ICICI bank

Subject: Balance payments of loan under Agreement No. LIDEL00007358309 and dtd. 20.07.06.

Dear Sir,

I have taken a Loan of Rs. 30, 204/- on 20.07.2006 vide Cheque No. 248156 from September and a EMI of Rs. 1, 732/- was fixed and told to pay by me to ICICI bank. There after I was paying Rs. 1, 732/- continuously and paid up to 05 August and further also paid for the 05 September and therefore total instalments paid is 25. now I want to get read off your loan and therefore want to pay remaining amount in one instalment.

Therefore I inquired from ICICI Bank for the balance amount and following anomalies were observed from statement given by ICICI.

1. The interest rate of 50.01% per annum (very high) instead of 24% as informed by your representative.

2. I took only the loan amount Rs. 30, 204/- while you have informed and considered the Loan amount of Rs. 32, 000/- for interest purpose.

You are therefore requested to kindly correct the anomalies (interest rate of 24% instead of 50.01% which is exorbitantly high) and inform to me balance amount so that full and final payment can be made to ICICI.

If these things are not corrected then you are forcing me to complain it to inform the RBI for such a high interest rate.

Ms. Tripti Maheshwari

Company: ICICI Bank
Country: India

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