ICICI bank - home loan
Tenure increased and no decrease in EMI

I have Taken a loan in 2006 for 1900000 and FRR was 10.25.It was increased 13.25 and I was still paying all EMI correctly. Currently now 2009 I recieved a msg that EMI has been revised and decreased by .50%, but my EMI remains the same and tenure has been increased to 300 months without informing me. I am not sure what they mean by saying your FRR has been reduced by .50% when my EMI is the same and tenure increased?

Company: ICICI bank - home loan
Country: India

  <     >