Hi,

I live in Kolkata, India and have taken ICICI floating home loan in June 2007 @ 11.25%. After increasing couple of times and decreasing thereafter I am unfortunately paying the same high interest rate 11.25%. However the present interest rate is 8.25 - 8.5% for new customers. Couple of days back I called customer care to know if there is any way to reduce the interest rate. They told paying .552% of the outstanding amount I can change the interest rate down to 8.5%. Yesterday, I went to the Saltlake Sector 1 Branch at 2 p.m. where I was told that I need to sign an agreement on 30 rupees stamp paper for the same. Moreover I was advised to come on 1st June as they were not able to print the agreement due to some technical issue. After buying the stamp paper at 3 p.m. I called them up and reminded to send the agreement doc to my email id.
I decided to visit the branch once again today morning as they didn't send the document yet. When I went there at 9 a.m. they promised to give me a ring later today when it would be convenient to do the formalities. After going back to office I waited until 12pm and again ring them back to remind once again when they again promised to get back shortly. I received a call around 12.30pm from them when they told the offer was valid till 30th June only.
Now, I want to know if I have missed the offer whose fault was this? and who should be penalised? Moreover, to avail interest rate same as the new customer do we really need to wait for some OFFER? I am really gutted after receiving such service from one of the finest bank in India. Please suggest what I can do to decrease the interest rate?

Regards,
Rajat
das.rajat@yahoo.com
9062014463

Just in case you need to refer my loan account number it is LBCAL00001533660

Dear Rajat,

We are sorry to hear about your problem. We have made a note of your contact details and will be getting in touch with you soon in order to address your concern.

Regards,
ICICI Bank Customer Service Team.

Originally Posted by Rajat Das

Hi,

I live in Kolkata, India and have taken ICICI floating home loan in June 2007 @ 11.25%. After increasing couple of times and decreasing thereafter I am unfortunately paying the same high interest rate 11.25%. However the present interest rate is 8.25 - 8.5% for new customers. Couple of days back I called customer care to know if there is any way to reduce the interest rate. They told paying .552% of the outstanding amount I can change the interest rate down to 8.5%. Yesterday, I went to the Saltlake Sector 1 Branch at 2 p.m. where I was told that I need to sign an agreement on 30 rupees stamp paper for the same. Moreover I was advised to come on 1st June as they were not able to print the agreement due to some technical issue. After buying the stamp paper at 3 p.m. I called them up and reminded to send the agreement doc to my email id.
I decided to visit the branch once again today morning as they didn't send the document yet. When I went there at 9 a.m. they promised to give me a ring later today when it would be convenient to do the formalities. After going back to office I waited until 12pm and again ring them back to remind once again when they again promised to get back shortly. I received a call around 12.30pm from them when they told the offer was valid till 30th June only.
Now, I want to know if I have missed the offer whose fault was this? and who should be penalised? Moreover, to avail interest rate same as the new customer do we really need to wait for some OFFER? I am really gutted after receiving such service from one of the finest bank in India. Please suggest what I can do to decrease the interest rate?

Regards,
Rajat
das.rajat@yahoo.com
9062014463

I have taken a home loan from ICICI in 2004 with a rate of interest of 7.00% with a tenure of 180 months, after so many raises of interest rates my home loan EMIs is now 480 months, is that really 300 EMIs added to me and why?

Clarify me.

Murali dharan

9443246235
muralee@in.com

Hi ,

We are sorry to hear about your experience.We have made note of your mobile number.We'll contact you and work to address your issue at the earliest.

Regards,
ICICI Bank Customer Service Team.

Originally Posted by Unregistered

I have taken a home loan from ICICI in 2004 with a rate of interest of 7.00% with a tenure of 180 months, after so many raises of interest rates my home loan EMIs is now 480 months, is that really 300 EMIs added to me and why?

Clarify me.

Murali dharan

9443246235
muralee@in.com

I have taken an ICICI home loan in 2007 for 26 lakhs, After paying for 4 years 32,000 as EMI they are saying still I owe 22 Lakhs this is not possible. The interest has gone from 9.5 - 13.5%. Do I need to pay the loan for whole of the life time. 100 EMIs are added to me for 33,000 this is totally not acceptable. Somewhere in the line ICICI not reflecting Interest rate changes that RBI has provided. It is only giving for new customers. Not ACCEPTABLE!!

I have taken an ICICI home loan in 2007 for 26 lakhs, After paying for 4 years 32,000 as EMI they are saying still I owe 22 Lakhs this is not possible. The interest has gone from 9.5 - 13.5%. Do I need to pay the loan for whole of the life time. 100 EMIs are added to me for 33,000 this is totally not acceptable. Somewhere in the line ICICI not reflecting Interest rate changes that RBI has provided. It is only giving for new customers. Not ACCEPTABLE!!

My Number is 9731043700
Email: Nachi_7@yahoo.com

I have taken an ICICI home loan in 2007 for 26 lakhs, After paying for 4 years 32,000 as EMI they are saying still I owe 22 Lakhs this is not possible. The interest has gone from 9.5 - 13.5%. Do I need to pay the loan for whole of the life time. 100 EMIs are added to me for 33,000 this is totally not acceptable. Somewhere in the line ICICI not reflecting Interest rate changes that RBI has provided. It is only giving for new customers. Not ACCEPTABLE!!

My Number is 9731043700
Email: Nachi_7@yahoo.com

Hi My name is Vivek Jangam. Iahd taken Home loan from icici bank .My loan number is LBMUM00001719106 .

Comensment Date : may 06/05/2008 -- 10.5% 240months .

Now i have received a letter that interest rates have increased and my tenure is 484months.

Can i know how come tenure is doubledd id interest rate have increased by 0.75 i think.

Pls let me know.

Hi My name is Vivek Jangam. Iahd taken Home loan from icici bank .My loan number is LBMUM00001719106 .

Comensment Date : may 06/05/2008 -- 10.5% 240months .

Now i have received a letter that interest rates have increased and my tenure is 484months.

Can i know how come tenure is doubledd id interest rate have increased by 0.75 i think.

Pls let me know.

My contact No : 9820962441.

I want detailed report for this other wise i am going to make a police complaint of ICICI BANK.

I have taken 6.25 lakh home loan on 2006(floating rate) on I.R of 9% with 240 EMI . Now after increase of rate it goes to 540 EMI Still after paying 4.5 years. MY EMI is increase to more than the double.

Please take some necessary steps to reduce my EMI.



MY loan A/C -LBTUN00001305494

Mob no.9360650552

I had taken a home loan from ICICI in Dec 2007 with a rate of interest of 9.00% [LBMUM00001682938],I am fed up with ICICI to be frank every 6-8 months I receive emails of rates have been altered and again received a email last friday saying that my home loan interest rates has been increased and that my balance loan tenure from 295 months is now projected to end at 426 months with effect from June 2011.

This is pure skunking.

Loan No. LBMUM00001682938


Does someone in this forum know any court case against ICICI for their exorbitant rates?