I suggest not to approch ICICI bank for home loan as I am also a victim of this bank. Most of Banks has reduced rate of interest on home loan but this bank is earling profit at higer rate from the customer.
When rate increase we know this is the first bank to take decision to increase for their profits. I had transfer my home loan account from ICICI to HDFC.
RE:ICIC BANK DON'T APPROACH TO THIS
by ravindra gupta on Apr 07, 2008 10:23 AM Permalink
Your example is a solution for me. I too am a victim of ICICI and shall follow the same path. Request all home loan borrowers to follow the same.
RE:ICIC BANK DON'T APPROACH TO THIS
by sethu madhavan on Apr 07, 2008 10:35 AM Permalink
I also got my loan transferred from ICICI Bank to SBI whose SBI Loan Utsav is still going on for those who are interested to transfer their exorbitant home loans. I foreclosed the ICICI H/L on 1st Jan 08 which had 12% interest and SBI took over the same at 10%. Subsequently, SBI still lowered their rates by 0.25% twice in Feb. 08, and my interest rate is now 9.5%. People like me approach Pvt Banks only because of their fast processing and liberal loan sanction norms, but after that, they do cut-throat business.
