This cut will, however, be applicable for only new home loans, the spokesperson said.
"Priority sector lending has always been one of our key focus areas and we have a differential offering for these customers. This is our pricing to promote the priority segment and offer affordable housing," he added.
This is shareaam loot. When the interest rate increases the same became effective immediately, but in case of decrease in interest rate, ICICI do not bother to implement the same for their existing customers also. It is humble request for the new customers to go for a Public bank, otherwise they will also be trapped in the same track as the old customers have.
I agree with you Kannan.ICICI bank never reduces floating rate of interest rate for existing customers as it depends upon the money for their salary and daily survival.Welcome new customers to suffer like us and fall into the trap like we have fallen.The indian economic condition and RBI guidelines, floating rates reduction does not applicable to ICICI bank.It is doing monopoly on existing customers & there is no meaning of Floating rate as it is always upward trend and may reach 15% soon.
This is Karthik from Trichy. As the Existing customer,we were forced to bear the interest hike. I think, we are having the right to take the revised interest rate? then what is the meaning of floating? i think the bank is cheating us and Govt also. the RBI should enter into that. the customers should form a organisation immeadeately to go for further processings against this cheating bank. so this is the right time to get unity
Please beware of tactics of ICICI, when you will be old customer , they will do same for you.this bank is real worst in inda and cheating every one including me.please go to any public bank like SBI
What about existing ICICI home loan customers? They will bear the brunt of rising interest rates first and be relieved with falling interest rates last? Terrible.
Why should I pay 13.5% then? When RBI increased the repo rates ICICI increased the rates for all existing borrowers also, not only for new loans. So when RBI and Govt have specific measures for below 20L loans why the benefit is not passed on to the consumers?
I want to take ICICI to consumer court. How many of you are with me? Mail to kannan.kts@rediffmail.com
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