ICICI Home Loan — Rate of Interest

Sir,

I have taken Home Loan from ICICI bank (LBMUM[protected]). This is floating one. While taking the loan I had been informed by them that when rate of interest increase it will automaticaly increase & reduces with same fashion. But now these peaople are asking to pay 1.93% amount on balance amount. I did checked with them before 1 month they said that its 0.5%. Which increased without intimetion.
Now how can this be resolved? ICICI Bank is never trusted & transperent. Everything remains hidden under cover.

Please help me out.

Regards,

Jitendr Gawade,
[protected]
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When RBI increased repo rates the banks (private like ICICI) pushed the burdens on Consumers within hours of the announcement but when the same when down they reduced deposit rates within hours but loan rates remain where they were there. RBI should understand the they are using TAX PAYERS money to give these benifits and at the end of the day some capitalists like ICICI and taking the benifits out of it..
please help and have fair deal.
Hi i am resident of South Mumbai i have applied for housing loan from ICICI Bank my loan approval has happened almost 3months back and all related documents for Loan processing has been submitted to Valsad branch which in turn has forwarded for Loan disurbsement to Surat branch since last @75 days but till 2day my physical loan disbursement has not happened and whenever we try Surat ICICI Branch phone number there is no conform reply as to when things will happen .I have been left with felling of total frustration and would really think hard in future for any dealing with ICICI Bank as there is no Customer Support from there end.

Thx.
Write to Banking Ombudsman under copy to Reserve Bank of India. Many people have complaints against ICICI.

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