Hi,

I have taken loan from ICICI bank in year 2006. My EMI stated from 10/02/2007. I have taken loan amount of INR 3607800.00.

I have paid 52 EMI till date which is amounting to INR. 19,20,000.00. I downloaded a statement from ICICI website which shows that I still have to pay INR 3497662.00 which came to MY SHOCK.

THEY HAVE CHANGED MY TENURE THEMSELVES. Initially when i took loan, the tenure i signed was 15 years. Now when I look at the statement the tenure shows me 525 months. INSANE.

WHEN I CALLED THEM: the call center guy game me an option saying that I need to pay 0.5% of the total outstanding and get it conversion done (I do not know why this has to be done) which will be bring the tenure to 191 months. GOSH...

ICICI LOOTED MY MONEY of 17 Lakhs on the name of interest. IT IS VERY SHOCKING TO SEE THAT THEY RESORT THIS KIND OF FRAUD PRACTICES and SUCK PEOPLE BLOOD.

THEY HAVE A RIGHT TO CHANGE THE TENURE and adjust more EMI amount to interest and less money to principal amount? Most of the months, they even have 200 rs only towards the principal amount.

WHAT IS RBI DOING FOR US? CAN SOMEONE HELP ME ????