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ganeshram gupta (prop)     20 August 2012

Icici bank home laon

sir

   can any one provide cases against floating intt rate in icici bank home loan. i am being charged @16.5%+od intt +cheque bouncing charges 225 per cheque. i am unable to understand that i am financed by bank or by a dacoit.

  pl provide some cases. it is strange on legal authority to vigil on malpractice of bank.

    parshuram



Learning

 4 Replies

JT Rajasuriya, Chennai (Advocate 98410 53790)     20 August 2012

Dear Mr.Parshuram,

               At least you had the inclination to question - there are several lakhs of others who dumbly pay up whatever is asked by the bank (wrongly maintaining a huge trust on the bank).

              With regard to your query, any Bank or FI can charge interest or any other charges as per RBI guidelines only. Usually when you send a representation asking for details -they will become mum.

              All the best in your endeavour.

J.T.Rajasuriya

ganeshram gupta (prop)     22 August 2012

sir

    thanks . i want to case no /case citations regarding fixed intt rate vs flaoting  intt rate case. it is strange that bank have no upper ceiling in intt rate, charges etc.

   parshuram gupta

Amrata (technician)     23 November 2012

I have same issue with citibank floating interst rate, I have sent a legal notice to them with help of my lawyers, u must seek lawyer.

ganeshram gupta (prop)     23 November 2012

hi

 may u mail copy of such notice at grathu@yahoo.com


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