Parasite bank: Bank that sucks blood from its own customers who are the hosts. I took a home loan from this bank 5 years bank at an interest rate of 8.5% and now it is 12.75%. The best part is after paying 5 years of EMI, the balance EMI is for 26.5 years. If I had taken the same with any other national bank, I would have a remaining 15 years only now.
My friend and I took loan at the same time. I took it from ICICI Bank while my friend took in a nationalised bank. He is happy with 10.5% interest as of today with an outstanding of just 15 years.
When I approached other banks for a take over, they are reluctant to take over because ICICI banks doesnt show the original documents because they maintain this in a Centralised location.
Now I am caught by this parasite bank and unable to get relieved.
This bank wants me to keep paying their EMIs till my death.
Never take home loans from ICICI Home Loans.