Many have complainted to us that ICICI never reduces its rate of interest on Home loans for the loans taken during 2004. while it allots new home loans at reduced rates of interest.
This policy is not fair. Then what is the use of "VARIABLE" loan policy?
Government should look into this matter.
Apart, when rates increase, ICICI bank immediately increases rates of its existing customers. But when rates decrease, ICICI bank doesnot reduce rates of interest on hme loans to its existing customers.
This is where we are different from developed countries.
Its really Pathetic. how our country will progress? This way?
We request RBI to check the minute details and take affirmative action. we have weak control over cheating corporates in India. This is not the case in european countries.
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