ICICI Bank — While taking loan told 15% for 3 years but after disbursement they are charging 17% for 4 years.

ICICI Bank — While taking loan told 15% for 3 years but after disbursement they are charging 17% for 4 years.

V Vinayak kumar Singh from Pune, Maharashtra

I have taken loan on my credit card. While taking the loan i have been told that I will be charged 15% reducing interest rate(inclusive of everything. no other service taxes) for tenure of 3 yrs for 2, 83, 000 amount. The call was also recorded. But now when i saw my amortization schedule, it says interest of 9.63% fixed for 4 yrs which comes to 17% reducing. Was this information helpful? No (0) Yes (0)

1 Comment	Share
Submit Close

Related ICICI Bank reviews

View all 23618 ICICI Bank Reviews

Comments

mohammad akheel

from Hyderabad, Telangana

Hi Vinayak,

ICICI bank practices this type of fraud. Their executive has offered me a loan amount of 2lakh at 15% interest but once the amount was disbursed they have send me schedule in which the loan was sanctioned for 17.5% . When I contacted bank authorities they say that the bank cannot help me in any manner and I have to bear the interest rate.

Check my complaint link..

https://www.consumercomplaints.in icici-bank-personal-disbursed-for-a-huge-interest-rate-without-confirmation-c908389

Please don't expect any resolution from the bank...

Regards,
Akheel