ICICI Home Loan
Excess Interest rates

ICICI bank started with 9.5% to me and now is charging 13.5% in the name of floating interest. It though offers new customers at rate of 12%. when i asked them why, they said you pay a charge of 2% outstanding loan amt and we will also reduce your loan to 12%. WoW! Currently Bank of Baroda is giving 9.5%. Is this fair trade practise or is it duping customers in name of floating rate of interest...

Company: ICICI Home Loan
Country: India

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