ICICI Bank's Unfair Home Loan Floating Rate Policy
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This petition is against ICICI Bank for charging different floating interest rates to its new and existing home loan customers. When interest rates went up, ICICI Bank immediately increased the floating interest rates for its existing customers. Now when RBI has reduced key rates, ICICI bank is passing on the benefits only to the new customers and not to existing customers. Existing customers are still being charged at rate of 13.25\% while new customers are being offered lower floating interest rates of 9.25-10\%. Over and above this, they are also charging pre-payment penalty so that existing customers cannot switch to other banks which are offering home loan at lower interest rates. We are requesting ICICI Bank to have a fair floating rate policy and pass on the benefit to existing customers. Please reduce the home loan floating rate for your existing customers. Else, RBI should intervene and restrict this unfair trade practices of ICICI.
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Goal
400 signatures
Goal: 1,000
Latest Signatures
5 January 2016
15 December 2015
399.
Nanda Bond
|
This is really unfair from ICICI. ICICI sucking the blood of old home loan customers
7 December 2015
398.
Uday S
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I strongly support this petition & RBI should take action against such unfair trade practice
2 December 2015
397.
Skumar Cunningham
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All those affected should somw how ensure no new business to them and i will be first person to any such initiative
13 November 2015
396.
Suhasini Zhang
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While providing loan to new customers,low rate of interests are shown and then almost every few months once, they increase interest rates.As they dont seem to be reducing the ROI, better to move all home loans from ICICI.
8 November 2015
1 November 2015
19 September 2015
393.
Kirti P
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I took a home loan from ICICI bank at the rate of 7.0\% floating in 2005. I was going for a fixed loan but the agent asked for going to floating since rates were expected to go down. I am still regreting the decesion for the same
12 September 2015
12 September 2015
8 September 2015
6 September 2015
22 August 2015
28 July 2015
387.
Atul Kumars
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ICICI Bank hasn't shown any flexibility towards the existing home loan customers. They feel that they have monopoly in the Home Loan Market. RBI should surely intervene in this matter. Why should existing customers pay more than 12\% when the new customer
24 July 2015
15 July 2015
13 June 2015
18 May 2015
15 May 2015
14 May 2015
6 May 2015
2 May 2015
30 April 2015
27 March 2015
12 March 2015
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