I have an ICICI Homeloan LBCHE00000625924, which I wanted to preclose. I have talked to Palani, (mobile 9176031034 ) the home loan officer in ICICI Branch at selaiyur, Tambaram, Chennai to preclose.

He has refused to cancel the preclosure amount and has demanded to pay foreclosure. He has shown the foreclosure amount he has collected for Loan today at 29 Oct 11.

I have cited him RBI guidelines (Pre-Closure of Home Loan with no Charge - - Personal Finance by Sarajit Datta) publisedh in Aug 2011, and in Oct.

His contention is that ICICI branches have not received any circular on foreclosure waiver and hence he continue to collect it. is this not the duty of ICICI employees to gather proactively o gather such information?

If icici collects the preclosure against government regulations, is that not illegal?

Please inform me how can I get the preclosure waiver suggested by RBI.

Thanks
Arun

Hi,

We have made a note of your home loan account number and we'll get back to you at the earliest.

Regards,
ICICI Bank Customer Service Team