ICICI Personal Loan Preclosure Waiver

POSTED BY makcbe ON June 18, 2014 5:29 pm COMMENTS (2)

Team,

I have taken a personal loan from ICICI bank for five lakhs. Preempting a pre-closure, I managed to get an email confirmation from ICICI Bank Manager agreeing that there will not be any charges. Now when I approach the bank, they are reluctant to close the loan. Could you please advise on the next best steps to take? Thanks for your advice and time.

Regards

Arun

2 replies on this article “ICICI Personal Loan Preclosure Waiver”

  1. Raja says:

    If its a floating loan, ICICI cannot charge you a single penny to pre-close the loan. Ask them to refer RBI guidelines given below (Give them a copy of the same) and if they still refuse, file a complaint with the ombudsman

    http://rbi.org.in/scripts/NotificationUser.aspx?Id=8905&Mode=0

  2. Hemanth Chandra says:

    Please raise a complaint in the grivience section of ICICI. They will be able to help you out.

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