ICICI Bank's Unfair Home Loan Floating Rate Policy sign now

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
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Latest Signatures

  • 06 January 2016400. Amar P
    I support this petition
  • 16 December 2015399. Nanda Bond
    This is really unfair from ICICI. ICICI sucking the blood of old home loan customers
  • 08 December 2015398. Uday S
    I strongly support this petition & RBI should take action against such unfair trade practice
  • 03 December 2015397. Skumar Cunningham
    All those affected should somw how ensure no new business to them and i will be first person to any such initiative
  • 14 November 2015396. Suhasini Zhang
    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.
  • 08 November 2015395. Gaurav S
    I support this petition
  • 01 November 2015394. Amit G
    I support this petition
  • 19 September 2015393. Kirti P
    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 2015392. Nithiyakala Hudson
    Icici Must imediately reduce the Hou.loan Int.to the existing customers
  • 12 September 2015391. Kushal K
    this is v true. We have been suffering like anything..
  • 08 September 2015390. Muralidharan M
    I support this petition
  • 06 September 2015389. Radhika Chandler
    I support this petition
  • 22 August 2015388. Arun K
    I support this petition
  • 28 July 2015387. Atul Kumars
    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 2015386. Pushkarak K
    I support this petition
  • 15 July 2015385. Balvant C
    Good Job Author
  • 13 June 2015384. Ananda J
    I support this petition
  • 18 May 2015383. Vinay S
    I am 10 year old customer of ICICI paying 13.5\% interest
  • 15 May 2015382. Vijaykumar K
    I support this petition
  • 14 May 2015381. Ashutosh S
    I support this petition
  • 07 May 2015380. Ashishkumar Ks
    I support this petition
  • 03 May 2015379. Saradha Orozco
    A bunch of theives put up under this banner of ICICI
  • 30 April 2015378. Satyarth N
    В
  • 27 March 2015377. Ramesh Sloan
    I support this petition
  • 12 March 2015376. Arihant J
    I support this petition
  • 05 March 2015375. Lalit S
    I support this petition
  • 01 February 2015374. Anil Merritt
    I support this petition

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Information

Natalie CarpenterBy:
TelecommunicationsIn:
Petition target:
ICICI Bank

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