I had a home loan of 20Lac taken in Yr 2004 @ 7.25% till the start of this year 2011 it went to over 14% interest. Ohh No...I was paying a Home loan at the rate of Personal loan for a good period of time.

When I contacted to ICICI for changing interest rate, they informed me first that I can pay Rs 5000 and get the rate changed to 10%.

Later when I actually applied to make this change, ICICI Bank told me that my loan is "securatized" so they can not change interest rate on the loan.
ICICI offered me to close the existing loan and open a new one with ICICI for which I had to pay Processing fees of wooping Rs40,000 + Processing expenses even though I was existing customer and the interest rate would still be 10%.

I humbly denied this offer and switched my loan to HDFC @ 9 % and I had to pay only Rs. 27000 for this transfer. IMO HDFC is better for taking Home loan from.