[Resolved]  ICICI Bank — Cheating case against ICICI Bank

I have taken a home loan of Rs.1000000/- for 15 years tenure in floating interest rate. The Aggrement no: LBBAL[protected]. Pre EMI paid was Rs.25385/- from dated:31/12/2004 to 31/07/2005 . The initial offer given was 7.25 interest rate. When the loan was accepted the interest rate fixed was 8.5 with EMI Rs.9557/- per month for 15 years. After some months on 07/05/2006 again the interest rate was changed to 9%, the EMI was kept constant but the tenure was increased to some more year.Again the interest rate hiked to 10% from 07/08/2006, the tenure increased to another few more years.on 07/02/2007 the interest rate fixed at 10.5 & then increased to12.5% from 07/05/2007, the tenure increased to the max. limit & EMI increased to 10565/- per month. Even after paying 37 EMI, the CL.Principal is found to be Rs.948404/-. The last tenure is found to be 07/07/2030 for complition at this stage. This may again increase to many extent. I want to know that whether there is any control of RBI or any other rules these private Banks follows, on Home loans. As per my view there is some cheating. Many times the bank was asked regarding the calculation for Tenure increasing & EMI increasing, but they are not providing. All Private & PSU Bank must have similar calculation. Kindly look into the matter so that I can get justice against this type of cheating of ICICI HOME FINANCE LTD. Many customers are also facing similar type cheating from ICICI. Now HOMEloan rate of ICICI might have increased again, but they never intimate to the Loanee