ICICI HOME FINANCE COMPANY LTD
Loan interest

Es sir,

i have took housing loan of rs. 5, 50, 000/-in jan. from above company.

the company has given me offer letter, in that they had mention the fixed rate of interest, that

was 8.25%.

but after that they had made aggrement in that, in my copy, both floating and fixed both were ticked

by them.

subsequently since 2005 jan, the rate of interest increased by them, now i had inquired at above bank

they told presently your interest rate is 12%.

by this way i had paid till date more than 2.5 laks as interst .i have asked their officers, regarding reduce rate, they told we can offer at the rate 8.75%, but for that i have to pay 1.75% of pending

loan amount as process charge, also i have to take another insurance policy, for that they had add

about 50, 000/- more in the pending loan amount, for that i was not aware.

so, again i went to the bank, told them, not to process for the reduce rate, i was too much frustrated

, so i had filled up the request letter for closure, so i can try with other banks, who provides loan

at reduce rate.

i will request you, kindly advise me, in above case, as i am too much fadeup.

yours sincerley,

shravan kella

loan account no. LBABD00000979692

Company: ICICI HOME FINANCE COMPANY LTD
Country: India

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