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ICICI Home Loan - Exorbitant Loan Tenure

This is a discussion on ICICI Home Loan - Exorbitant Loan Tenure within the Loans forums, part of the Business & Finance category; I live in Pune, India and have availed a Home Loan from ICICI Bank in April 2008 @ 10.5%. My ...

  1. #1
    Junior Member
    Join Date
    Aug 2011
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    Default ICICI Home Loan - Exorbitant Loan Tenure

    I live in Pune, India and have availed a Home Loan from ICICI Bank in April 2008 @ 10.5%. My original Tenure as per the contract is for 240 months. My EMI has now increased and while i checked my loan tenure today it shows a whopping 517 months that's more than 43 years! ICICI sincerely does not care for the existing customers, while new loan are being disbursed at 10% i am suffering with a increased EMI amount and seriously stupid looking tenure.

    My Loan Ac. No. LBPUN00001734626

    I need a solution to this issue as per the amotization schedule my loan EMI is going to increased further @ 13%!!

    Regards,
    Sunil
    sunnynayak@gmail.com
    9923800426

  2. #2
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    Default Re: ICICI Home Loan - Exorbitant Loan Tenure

    Hi,

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

    Regards,
    ICICI Bank Customer Service Team


    Quote Originally Posted by sunnynayak View Post
    I live in Pune, India and have availed a Home Loan from ICICI Bank in April 2008 @ 10.5%. My original Tenure as per the contract is for 240 months. My EMI has now increased and while i checked my loan tenure today it shows a whopping 517 months that's more than 43 years! ICICI sincerely does not care for the existing customers, while new loan are being disbursed at 10% i am suffering with a increased EMI amount and seriously stupid looking tenure.

    My Loan Ac. No. LBPUN00001734626

    I need a solution to this issue as per the amotization schedule my loan EMI is going to increased further @ 13%!!

    Regards,
    Sunil
    sunnynayak@gmail.com
    9923800426

  3. #3
    Senior Member
    Join Date
    Nov 2009
    Posts
    728

    Default Re: ICICI Home Loan - Exorbitant Loan Tenure

    Hi,

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

    Regards,
    ICICI Bank Customer Service Team

    Quote Originally Posted by sunnynayak View Post
    I live in Pune, India and have availed a Home Loan from ICICI Bank in April 2008 @ 10.5%. My original Tenure as per the contract is for 240 months. My EMI has now increased and while i checked my loan tenure today it shows a whopping 517 months that's more than 43 years! ICICI sincerely does not care for the existing customers, while new loan are being disbursed at 10% i am suffering with a increased EMI amount and seriously stupid looking tenure.

    My Loan Ac. No. LBPUN00001734626

    I need a solution to this issue as per the amotization schedule my loan EMI is going to increased further @ 13%!!

    Regards,
    Sunil
    sunnynayak@gmail.com
    9923800426

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