Hello Sir,
I had a very bad experience with Icici home loan department. I bought a flat in 2006 and have taken loan of around 1800000 Lakhs, in this loan my wife is a main applicant and I am a co-applicant. I have 10 times specified that I am only looking for the fixed home loan rate of interest however finally when I received my home loan sanction document it showed floating rate of interest. I still remember the fixed rate was 10.75 at that time and floating rate was 9.75. Now for last one and half year I have been paying EMI on the rate of 13% floating rate.
If they could have given me that fixed rate at that time, I would have saved lots of money by giving all my EMIs on 10.75 only.
Also they have given insurance cover to my wife instead of me, no husband would like to get insurance cover on his wife’s name. It’s simply a fraud case however I don’t have any proof for this.
I have raised my concern with the bank first however but they didn’t helped me on this issue.
I would not suggest anybody to make any relationship with ICICI bank, and I am sure by providing this kind of services to the customers later or sooner this bank would be closed.
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