ICICI Bank — unethical behavior to stop personal loan foreclosure - charging 6% of outstanding principal

Address:

New Delhi, Delhi, 110048

I had taken a personal loan (Lpdel[protected]) of 10 lakh rupees for 60 months duration at 13.75% interest. While taking loan i was told that there will not be any foreclosure charges if i foreclose after 12 months. Now when i am trying to forclose my personal loan through bt to other bank after 32 months, icici bank asked me to pay 6% of outstanding principal (~inr 32, 000) to foreclose. The reason they give me is that the clause of no foreclosure charges are only applicable if i pay out of my pocket. Due to recent decrease in interest rate citibank offered me a 11.49%. I checked with icici for revision in rate but they said they cannot revise my interest rate. Now when i am trying to shift my loan to other bank, they are practicing unethical behavior to stop me. I have already deposited citibank draft to icici bank to foreclose.