Legal Question in Consumer Law in India
I took a home loan from ICIC bank. Now both intrest rate and Tenure is going up again and again for last many years without my consent and prior knowledge. While the foating rate they are advertising in the market is 8.5% they are not making the rates applicble for old loans which has been kept up at a higher rate to their advantage.
now i want to take legal action aganist the bank. What all options are available to me?
Asked on 3/06/10, 11:40 pm
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
pl check terms of loan agreement before taking any action
Answered on 3/07/10, 5:15 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
As already advised, you may need to check up your documents and write to the Bank.
Answered on 3/07/10, 8:56 am
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