I took home loan from ICICI which was sanctioned on 02/10 @7.25% as Pre-EMI and then started @8.00% for the actual emi (07/02). Right now its showing interest rate as 14% from next month onwards. I think this is one of the highest interest rate by any bank for their existing customers. When I communicated with ICICI bank they are telling this is the standard market interest rate whereas other banks are offering home loans @11.5 to 12 for new customers.
Can someone please let me know what can I do?
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