ICICI Home Loan
Pre Closure Charges
- 09-29-2009
- 44
I have taken a home loan of Rs 8.5 lakhs from ICICI bank in Aug08 and want to get it pre closed due to very high intrest as compared to other Nationalised banks. ICICI is charging 11.25% whereas SBI is charging 8% only.
When I approached the bank for a preclosure they have asked me for a preclosure charges of 2.25% on the preclosure amount. As per the guidelines of the RBI which was clearly mentioning that the banks cannot charge the preclosure penalty as per the news in all the leading newspaper last week.
I have again approached the ICICI bank helpline but according to them I have to pay the pre closure charges of 2.25%.
Pls advise that why the guidelines of RBI are not followed by the private banks and whom I have to contact for the waiver of the preclosure account.
Company: ICICI Home Loan
Country: India