[Resolved]  ICICI Bank — Incorrect interest rate, 20 year tenure changed to 45 years

Address:

West Delhi, Delhi

Hi,

I took two home loans from ICICI bank around 5 years back.

Loan 1(LBDEL[protected]): Loan Amount: 642000

5 years back(inception of loan) Now
Principal Loan Amount left 642000 614762
Tenure 240 months 539 months
EMI 5471 6916
Rate of Interest 8.25 13.5

Loan 1(LBDEL[protected]): Loan Amount: 1285000

5 years back(inception of loan) Now
Principal Loan Amount left 1285000 1230561
Tenure 240 months 540 months
EMI 10950 13076
Rate of Interest 8.25 13.5

Principal amount has not decreased and EMI/tenure/interest rate is keep on increasing. ICICI current floating home loan interest is 9.5 whereas they are charging me 13.5%.

Regards,
Sunil