[Resolved] ICICI — Home loan transfer preclosure | |
Dear sir I took a home loan from ICICI in 2006. As you know that ICICI always increases the floating Interest rates high and do not decrease as soon as RBI asks when PLR rate is decreased because of this I am paying lots of intrest to ICICI unnecessarily. So I thought to transfer my loan to PSU banks like SBH,SBI or Union bank.But they are charging 2.5 % as pre closure charges to transfer the home loan.I have studied in Economic times and also in blogs that RBI has requested banks not to collect any pre closure charges Srikanthand also High court has also ordered the same. Please help me to transfer my loan with out preclosure charges. Please do needful. Thanks Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 4 Comments | |
Comments
I borrowed home from ICICI Bank on 28 November, 2005 Rs. 6, 50, 000/- @ of 7.5% vide application no.[protected]. Now Bank is charges 11.5% interest. I want to pre-closue my account. Will the bank charge pre-closure charges 2% as per agreement or there is any relief by our honourable court.
ICICI bank is a fraud bank... When you go for fresh home loans they will attract you with exiting loan scheme and they will behave as if they are the best customer friendly bank. But... But... But... once you are trapped they will show there real color. I will not encourage anyone to take any kind of loan from ICICI bank. They increase their rate of interest every year and you will end up paying the maximum rate of interest compared to other banks.
At the time of pre-closure or transferring the loan to some other bank they charge highest rate of interest (almost 3% on outstanding), so please look upon all these aspects before taking loan from ICICI. Any corporate banks are always better than these private banks.
At the time of pre-closure or transferring the loan to some other bank they charge highest rate of interest (almost 3% on outstanding), so please look upon all these aspects before taking loan from ICICI. Any corporate banks are always better than these private banks.
Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good
a company is at responding and resolving complaints by granting from 1 to 5 stars for each
complaint and then ultimately combining them all for an overall score.
Read more
Read more
65%
Complaints
23615
Pending
2041
Resolved
14252
+91 22 2653 1414
ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400051
View all ICICI Bank contact information
ICICI Home Loan — Loan Pre-closure delay
Hi,I have initiated a pre-closure for a home loan. They promised that they will provide the original documents within 16 working days. But on 15th day, they said due to technical problem they cannot close it and they are not sure when they can close it. There is no contact persons, no comitted dates provided. Rather they say, call the customer care every 2 days to find out. Based on their original commitment i had planned for things, now it is unclear about the closure. Why should customers suffer because of ICICI's technical problem. If we do not pay the EMI on time, they put penalty, will ICICI pay for the financial impact for this case?