Now days, ICICI bank has again started advt about their housing loan with punch line "Gushiyon ka Grahpravesh". Based upon my experience with the ICICI bank, I can say that it is not the "Gushiyon ka Grahpravesh" but it is "Paresaniyon ks Grahpravesh".
I had taken home loan from the same bank in yr 2004 @ 7.15% interst rate(floating). Within less than 3 yrs time the interest rate gone to 13.65%, EMI gone up by over 50%, loan duration gone up by 15 yrs(orginal 17 yrs became 32 yrs). Recently I had close down the same by aishwaryasingh23ing pre-aishwaryasingh23ment penalty. While closing down the same I had to face very difficult time as they had put lot of unwanted charges on me.
The bank is very aggresive in increasing the rates, whereas when it comes to reducing the rates, they keep on Anasultanlysing for months.I advise to people to go with any nationalised bank. They may take initially more time and their documentation requirement may be more but in the longer run they give peace of mind.
Thanks
Vipin