[Resolved]  ICICI Home Loans — Gargantuan increase of tenure, r.Int and low amount of principle

Address:

Chennai, Tamil Nadu

Hello Lawyer,

My HomeLoan A/C is LBCHE[protected]

I have taken an Homeloan in 10/1/2008 and am paying an EMI of Rs. 31.X thousands /per month.

It was a heart attach to see my amortisation schedule that has been changed on each printout I had to take after each month.

They way its floats across the principal (taking 200.00 INR per month), Intrest rate and the number of years to repay (Currently 518) months is heart breaking.

People around me are laughing and shocked with the tenure and the prinicple being taken.

I need the ICICI authorities to give a proper justification on the float and the increase without my knowledge.

Please guide me on what can be done at this point of time. Im extremly disappointed as my entire faith in paying for the house each month honestly, should have be fruitfull even if I had put it in a saving account.

Please let me know my choices of what best can be done.

Thanks in Advance.
Sathya Narayana Kaliprasad.
[protected]@gmail.com
[protected]
Hyderabad.