I have taken home loan from ICICI (LBDEH00001349994) in 2006 with 9.5% rate of interest and tenure of 20yrs but ICICI changed it to
- 10% in Feb07
- 12% in May07
- 12.75% in July08
- 13.5% in Nov08
- 13% in Jan09
- 12% in July09
Meanwhile the period is increase from 20yrs to 27yrs

Now since the rate has gone down but bank is not passing the benefit to me. I want bank to reduce current rate of interest as well as bring the tenure to some reasonable limit

--
Yogesh Sharma
Loan A/c No. LBDEH00001349994
Contact:
- mail2yogs@gmail.com
- 9958777299

I had taken a home loan from ICICI in 2004 at a rate of 75% and at present I am paying 13% interest. The current rate of interest is 9.5% Why they are charging this high rate for me.

My account No is LBABD00000739257

Hi,

My name is Rajesh Sharma, I hv taken home loan from ICICI bank in Oct. 2006, at the time of loan disbuestment my loan ROI was 9%, later it went upto a maximum of 13% and present is @ 12.5%.

Actually when I have taken this loan the loan amount was 15,39,450/- and tenure was 120 EMI (10 years). After paying 51 EMI (Approx 10,00,000/-) I still have to pay 109 EMI. I am really fedup with this, it looks this loan will never finish.

I dont understand what is the meaning of floating ROI, when the banks are not decreasing the ROI for all the exisisting customers, why are they showing the difference between New and old customers?

THe difference between my ROI & FRR/PLR is -1.25% so my current ROI is @ 12.5%

Yesterday I visited ICICI bank kormangla, Bangalore branch to inquire about this, ICICI came up with scheme for existing customers to reduce the interest rate (making variance with FRR/PLR to -3.75%) by paying 6577/- as conversion fee and investment of 40,000/- in icici bank for 5 years locking period.

is that not unfair to charge 6577/- as conversion fee and investment of 40,000/- in icici bank, for an existing customer to change from 12.5% to 10% within the same bank. this is a kind of cheating that ICICI is doing.

I have the below requests to ICICI Bank:
1.Convert my existing Home Loan to New Home Loan rates and give me a Variance of -4.00% fixed for the entire tenure.
2.This conversion should be done without charging any fees.
3.I should not be asked to invest in any ICICI Prudential Plan.

I request for an early resolution to my problems.

Rajesh Sharma
LOAN A\C no: LBCHD00001365645
Mobile No: 9343124310
Email: rajesh_sharma124@yahoo.com

Friends,
I saw many complaints against ICICI Bank regarding Rate of Interest (ROI).
As everyone knows, ICICI Bank increases readily the ROI immeadietly as soon as the RBI increases Repo Rate and never decreases, when RBI decreases the Repo rate.
Please advise, whether i can go ahead and file Consumer Complaint or Competition Law Complaint against ICICI Bank for unfair Trade Practises i.e for Charging hefty ROI compared to other banks.

Thank You,
Sai Ram

Hi,

We regret the problem caused to you. Please send us your contact details at care@icicibank.com and we shall get in touch with you soon. Kindly refer '2560788' in the subject line.

Regards,
ICICI Bank Customer Service Team