ICICI Home Loan
How the Interest being calculated

Hi,

As I have purchased a propoerty I was Happy, With all good things in mind, I approaced ICICI Bank for HOME LOAN, Noida Office.

With all the commitments and promises, my loan was disbursed on 31st May 06 of amount Rs 23, 59, 547 for 20 Years. With EMI of Rs 24, 287.

With time the interest changes and my EMI was increased from Rs 24, 287 to Rs 28, 407.

Not only this, the tenure was increased from 20 years to 35 Years. I was shocked.

How the calculation have been done.

I want to ask ICICI to please give me the explaination for this:

On what basis ROI was increased

How the calculation were done.

How the tenure has increased from 20 years to 35 Years.

I want to take it to the highest level.

Regards,

Manish

Company: ICICI Home Loan
Country: India

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