[Resolved]  ICICI Bank — wrong accounting of home loan

Address:

Hyderabad, Andhra Pradesh

To: banking ombudsman, hyderabad
Subject: no proper accounting of my home loan

Smt reeny ajit
C/o reserve bank of india
6-1-56, secretariat road
Saifabad, hyderabad-500 004.

Dear madam,

? Sub : original home loan account no. Lbhyd[protected] for rs.365000/- dt. 06.11.2004.
? Rescheduled home loan account no. Lbhyd[protected] rs.289865/-
Ref: icici bank limited

? With reference to the above i have taken a loan of rs.365000/- in the year 2005
? And i am paying regularly without any default. The above loan was taken in the
? Form of floating rate of interest. All these years the average interest rate charged
? Was 14.73%. Despite my paying highest interest rate my principal deduction was
? Only rs.75135/- only. This was known by me when i rescheduled my loan on jan,
2017.
My contention is that why my principal deduction is that much low. How can it be
? Possible after 10 years of paying my principal deduction was only rs. 75135/-.

I feel stongly that there was an error in calculating my loan account.
? Kindly do the needful in this regard.

Thanks & regds,
Srinivas koka,
Plot no.8, flat no.203,
Hardev sai ram apartments,
Bharani colony,
? Neredmet, hyderabad -500 094