[Resolved] Axis Bank — Home Loans | |||
Myself, Satish Kumar, approached Axis Bank, Chanda Nagar Branch, Hyderabad for Home loan of Rs. 30 Lakhs during 2nd week of Feb 2011 for the property to be purchased in Hyderabad. Mr.Baldiv Kumar ( mobile no. [protected]) of Home loans department explained me the details. Upon searching in internet, i found other bank’s home loans with a bit lesser rate of interest and less processing fee. I informed the same to Mr. Baldiv Kumar and he throwed some pea nuts saying that he will process the home loan for a lesser rate than other banker and also promised that he will waive the some part of processing fees and agreed to complete the processing of home loan in a span of one week Then entered into scenario Mr. Srikanth (mobile no. [protected]) assistant of Mr. Baldiv Kumar, asking for 'n' number of documents for their idiotic verifications. Finally i submitted all the documents along with a check of Rs.5515/- as processing fees. Mr. Srikanth has told me that 50% of the processing fees will be refunded if the loan was not taken. They took a weeks’ time and told that financial approval has come for Rs. 30 Lakhs and they are waiting for Technical approval. They took another 10 working days and finally told that technical approval has come for only Rs. 22 lakhs. And stranger thing is that the document value of the home will be considered as a constraint in technical assessment of value of the Flat, this did not inform me earlier. Then I came to know …that this AXIS BANK Home Loan guys has intentionally cheated me. They are aware of the home loan amount going to be sanctioned and it is far less than my requirement of Rs. 30 Lakhs. They just wanted to process the loan for their COUNT and to grab Rs. 5515/- from customers. After that rejected the loan and asked for refund of 50% of the processing fee. But no response from AXIS BANK Home loan guys… Readers….please don’t go to AXIS BANK for home loans and don’t rely on the idiotic promises of the AXIS BANK home loan guys. If some or the other way you are forced to go, please ensure to take all the information in written form…I mean…whatever nonsense they speak….ask them to send a mail and insist them to send the mail which ends with @axisbank.com. Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 2 Comments | |||
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Axis Bank Limited Corporate Office, Bombay Dyeing Mills Compound, Pandurang, Budhkar Marg, Worli, Mumbai, Maharashtra, India - 400025
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Please It is my personal request .
As I faced a worst experience with Axis bank since they promised me that they will provide me a home loans but nothing was done by them. Only one thing happened atlast after 2 months they cheated my Rs 5500 INR .
They never give you back your admission fees or processing fees . They will try to cheat you smartly.
Axis bank is a such an company and please my humble request is not to go for any home loan request with Axis bank forever or in the near future.
Once you give back your Documents to clear your Legal they will comeback and say the papers are not clear though the papers would be clear.
Atlast To be frank the legal as well as the plot was purchased with the help of IDBI bank and Now I am happy with IDBI rather than an scrap Axis bank.