When ever there is s rise in the home loan interest, ICICI, the so called ' premier lending bank in India' are first to rise to the occassion to raise the interest rate. When the rate is lowered, they ar the last one to lower the rate.
ICICI asks for hordes of documents which is not returned, if the loan sanction is delayed or withheld.
Then there is another killing at the end. If a lumpsum amount is paid in between to escape from this 'Loan Shark', there is a penalty which is more then the EMI. Instead of appreciating the loan taker for releasing the Bank from all these rigmoroles, the loan taker is penalised.
They are of the habit of visiting the locality 2-3 times to find out the current running rate, even though any neighbour has taken loan a fortnight ago. The bargaining for more than what is alloted, leads to calling of the loan sanctioning.
