[Resolved] ICICI Bank Home Loan — not reducing interest rate | |
DEAR SIR/MADAM I TAKE HOME LOAN OF RS.5, 73, 832( RS.FIVE LAKHS SEVENTY THREE THOUSAND EIGHT HUNDRED &THIRTY TWO)AT 7.5% .NOW DAYS YOUR RATE OF INTREST IS 12.50%.THIS IS VERY HIGH COMPARE TO OTHER BANKS.ICICI BANK REDUCED 0NLY 0.5% RATE WHEN OTHER BANKS REDUCED 2 TO 3% FOR EXISTING CUSTOMERS. IS THERE ANY SCHEME OF SWITCH THE LOAN FROM HIGH INTREST TO LOW INTREST .I READ IN NEWSPAPER & SEE NEWS IN CNBC/IBN7 TV CHANNELS THAT PAYING 0.5 %FEE ON OUTSTANDING LOAN AMOUNT BANK WILL SWITCH LOAN FROM 12.5% TO 9.75 % UPTO 31/04/09 PLEASE CONFIRM ME ABOUT THAT SCHEME WE HAVE 200 + GROUP OF COMPANY EMPLOYES FACING SAME PROBLEM OF HIGH RATE OF INTREST. PLEASE PRESSURISE TO RBI &ALL CONCERN PEOPLE TO SLOVE THIS MATTER THANKS & REGARDS NITIN SATHE Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
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ICICI Bank — Home Loan Interest Rate Not Reduced
Hi,this is to bring your kind notice that ICICI bank indias largest private bank ..i have taken home loan Amount 1950000 in Sep 2007 @11 % floating but as meaning says for floating is not applicable as such because now i am being charged @11.5 %...icici is now giving loan to new customer @8.75 for under 20 Lakh...
my query is how to tackle this issue...why my interest rate is not reduced and is matched to 8.75 %from 11.5 %..
please guide me where to complain and how to get the benefit...
my loan AC No is LBGHZ[protected]
do suggest and force icici bank not to do with old customer..
my cell no is
Please do the conversion by paying a small amount. I have done it yesterday
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ICICI Bank — Loan rate is not reduced
My ICICI Bank Loan A/c No. LBMUM[protected]I have loan received from ICICI Bank on may 2005. My floating loan rate was 7.50%. after 2 months my loan rate was increase upto 0.50%. In another with in a short period they have increased upto 13.50%. Since 11 Jan 09 loan rate was decresed as per their messege. But it is very sorry to say that neither my loan rate was not decresed nor the installment amount also not decresed. Yestarday I met to Ghatkopar branch regarding reducing of my loan installment & rate of interest but I exclaimed that they are asking me for make the payment of 1.93% to be charged levied on me & after the payment of this charge they will reduce the amount of loan rate only & not in the amount of installment.
Sir How the laws says that loan amount & rate can be increased as per their rules, but loan rate is decresed they are asking for charge of conversion charge. we are not converting our loans to others so we should not to be charge as per floting rate. we are not in a fixed loan. So floating loan rules says that whenever the rate is reduce, it is promptly to be reduce to clients. After the known from News papers, we have already asked they have answered your loan rate will be decresed from time to time, & you should not to bother regarding this. It will automatically reduce in your account & you will get the letter for this but still yesterday asked personnally regarding this reducing but they are failed to give answer properly. So I would like to solve my this problem urgently because my next installment due on 7th June 2009. My track record is very good so I would not like to make fair track record. Hopping your prompt answer & guidence in the matter will be highly solicited & appreciated.
Thanks a Lot.