We slog day and night to make our life better. A middle class person in today’s date have to let go on many "Wants" in their live to fulfill the biggest NEED in their life is to buy a house. If you are thinking of buying a house & planning to take a loan from ICICI, better stay in a rented house.
I want to sell my property as don’t want to deal with ICICI anymore. All their services are pathetic. I have closed my Credit Card, Lombard Insurance Cover & Bank Account with them as I had a bitter experience with all their offerings.
Key facts:
They always increase your tenure when the interest rate goes up, we end up paying more Interest this way.
They are one of the last to reduce the interest rates once it goes down.
Communication is so late that you would have paid 3-4 EMIs by the time you get to know that the tenure has increased, result, less Principal paid in that period.
All home loan buyers must ask for the variance percentage on their home loan, higher the better. If your variance is -1% and the market floating rate is 15%. Your interest rate would be 14%, But if it is -4% then your interest rate would be 11%. Hence, always ask for what the variance is going to be for the entire tenure of the bank. This is regardless of the bank.
Die, but don’t deal with ICICI Home Finance & Specially ICICI Lombard