[Resolved]  Indiabulls Housing Finance Ltd — Fixed rate of interest tenure reduced

Address:

Mumbai Suburban, Maharashtra

BEWARE OF INDIABULLS HOUSING FINANCE LTD.

I was promised a fixed rate of interest for 24 months.( 12 months +12 months) Now Indiabulls have stopped the fixed rate of interest after 8 months of the 1st plan claiming it was only till the financial year. No one had informed me at the time of disbursement.

My copy of loan documents were sent to me after 6 months and that too after being behind there backs for 6 months.

No where it is mentioned in my copy that the duration of fixed rate of interest is only for financial year. In fact only the rate of interest is mentioned and no duration is mentioned in my copy.

I had given a part payment in march 2011. But the EMI for Apr-2011 was taken at the earlier principal amount stating it takes 20 days for processing. This is from a company which claims to disburse a new loan within 48 hours.

i have communicated with Domnic Hilton and Ketan Talati( WEST INDIA HEAD) but both are full of promises and zero on delivery.


I have been communicating with their customer care which I do not know why they call as customer care.
They keep on saying your matter is under investigation and reply after more than a month.

My sincere advise to all to stay away from this company. These guys will go to any extent to dupe the customer. They will lure you with all promises in the beginning. Once you fall in their trap you are finished.

Capt. Sandeep Singh