ICICI Bank is charging high home loan ROI of 12.25% on my floating rate home loan.

I tried to discussed with ICICI bank Head office, but the response was that ICICI bank is right in charging such high ROI of 12.25% in these times. And in case RBI increases its rates, this ROI would further increase.

Only way to reduce it is to pay switching fee and sig a new contract.

As a condumer what can I do now as ICICI Bank's head office also says that they are correct in charging this ROI.

In case I go for new home loan today I would easily get at far lower ROI then this.

Consumer COurt, please advise and give me pointers regarding how to pursue this matter with the bank.

Regards
Deepak Nagrath

Dear Deepak,

We are sorry for the inconvenience caused to you. Please write to us with your contact details at care@icicibank.com so that we can get in touch with you in order to address your concern. Please refer "524202 " in the subject line.

Regards,
ICICI Bank Customer Service team.

Originally Posted by deepak_nagrath

ICICI Bank is charging high home loan ROI of 12.25% on my floating rate home loan.

I tried to discussed with ICICI bank Head office, but the response was that ICICI bank is right in charging such high ROI of 12.25% in these times. And in case RBI increases its rates, this ROI would further increase.

Only way to reduce it is to pay switching fee and sig a new contract.

As a condumer what can I do now as ICICI Bank's head office also says that they are correct in charging this ROI.

In case I go for new home loan today I would easily get at far lower ROI then this.

Consumer COurt, please advise and give me pointers regarding how to pursue this matter with the bank.

Regards
Deepak Nagrath

I have mailedat care@icicibank.com with my details.
Hope Bank is able to solve this issue keeping consumer interest in its vision

Regards
Deepak

Deepak,
Any update/Positive News to the Details, u sent.
I feel, ICICI Bank might've put the issue aside very easily.
Result:- Pay more (like anything) for the Mistake(Sin) of taking loan from ICICI.