ICICI Home Loan
ICICI Squeezing the blood of House loan customers

ICICI squeezing the blood of house loans customer - the facts are here

i took house loan of 1800000 in aug at 7.5% interest rate, soon the interest have been increased to 9, 11.5 and then 13% pa. I had requested ICICI thru various channels for interest rate reduction, every time i got the same geneirc cut/paste response. Every time they tried to educate me about PLR. Finally i moved to another bank at low interst rate, Suprisingly the out standing loan amount while closing the loan acctoun with ICICI was 17, 99, 000 after including fore closure chares of 2.21%. During the 44 months period i had paid to ICICI nearly 7, 68, 000 for EMI, but i could see only 1000 drop in my outstanding loan amount. (is 1000 = 768000, perhaps is correct with ICICI)

ICICI just squeezing the blood of house loans customer. I am not sure what statuory bodies doing in respect of protecting customers and virtual robbery of customers by banks in the name of foreclosure charges. I think all banks collectively playing this game.

What is happeing to leading US bank (about collaspe), what happend to leading Indian IT company (accouting mal practices) -So nothing is static - I am sure ICICI will soon collapse - Offcourse companies can survive for short term by showing attaractive results but not always. I do not think the day is far away to see that for ICICI bank...

Company: ICICI Home Loan
Country: India

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