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increase of interest every year on home loan shabbu | Loans and Credit Cards | 1 Reply


I have taken home loan Rs565100/- from icici bank five years back keeping 240months istalments. EMI Rs5810/- paying by everymonth without inturption through icici bank account. When I saw the my load details the bank about Rs70,000/-taken as interest and Rs3000/- as principle amount for every year. Also instalments they increased from 240 to 400months. How it is possible. please help me in this regard.

By IndianMoney Experts - 2013-May-24
Dear Shabbu, Kindly contact the ICICI Customer Care on Toll free number 1800-22-4848 in order to resolve your complaint. If you feel that the bank has set up higher EMI\'s kindly go for home loan refinancing option with some other bank Always use well the bargaining chips that you have in hand. You can always look up the website for your home loan needs.
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