ICICI Home Loan
ICICI Home Loan installment tenure

Hi,

My Home Loan Number is: LBBNG00001337685

Number of Months : 240

Laon Amount : 19 lacs

Availed: July at a rate of 8% (Special offer for Corporate Employees)

I have availed the loan of 19 lacs from ICICI home loan at 8% and started paying the installment from July onwards, But suddenly they have incresed the interest by 0.5 % from next month with out any notice, and gradually increse it now to 12% and they are not intimating to me.

Also they have increased the tenure from 240 months to 327 Months, if i call them they are not expalining properly, as per them we will have to pay the loan through out the life.

Also it is noticed that when ever the government increase the ROI, they increase on the same day/month, and if the govt decrease the ROI, they 2 to 3 months to reduce it.

Kindly help us, we are not clear what is happening.

As per the statement recieved by them, if i am paying 19500 as the EMI the principle amount is Rs 505 and the rest is the interest amount..

Regards,

Jathaveda M.S

0091 9880041546

Company: ICICI Home Loan
Country: India

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