ICICI Bank cheats its customers like anything. Next in this order is CITIBANK. All these corporate banks will try to get more and more customers and then they will impose charges like anything. All these charges won't be mentioned at the initial time. I HAVE TAKEN PERSONAL LOANS FROM ICICI, IDBI AND ABN AMRO. PLEASE DO NOT TAKE ANY PERSONAL LOAN FROM ICICI BANK. THEY CHARGE 5% ON THE OUSTANDING PRINCIPLE, IF WE HAVE TO REPAY. NO PARTIAL REPAYMENTS ARE ALLOWED. BUT IN IDBI ITS 3% REPAYMENT CHARGES ONLY. IN ABN AMRO ITS 5% AND THEY ALLOW TO REPAY 25% OF OUSTANDING PRINCIPLE WITHOUT ANY CHARGES IN A CALANDER YEAR. SO SEE THE DIFFERENCE AMONG THESE THREE BANKS. RBI AND GOVT IS NOT AT ALL BOTHERED ABOUT SUCH THINGS. RBI SHOULD FRAME PROPER RULES THAT SHOULD BE FOLLOWED BY ALL THE BANKS. THEY CHEAT CUSTOMERS BY GIVING OFFERS. THESE BANKS ARE CHARGING UPTO 36% ON PERSONAL LOANS. ANY BANK CAN EARN MONEY BY CHEATING ITS CUSTOMERS. THATS WHAT ICICI AND CITI BANK ARE DOING.
RE:MORE CHARGES
by Math on Jun 11, 2007 07:48 PM Permalink
When you took the loan I'm sure the rules and charges for all banks are written in clear english.
You seem to be a Personal Loans regular. If you were smart enough, you would have looked at the PrePayment (not repayment) charges, if you intended to prepay.
No bank forces you to take their product! The choice is yours I think!
RE:MORE CHARGES
by U get what U deserve on Jun 11, 2007 11:44 AM Permalink
nothing comes for free my dear friend. one has to pay for the services the bank is providing.... if any hidden charges are levied, then thats bad....
