[Resolved]  Lic Housing Finance Ltd. — Beware - Don't take home loan from this Company

There is one big cheating game happening in the company of cheating new home loan customers by giving loan at 8.5-8.75 rate; immediately increasing by 150 bps after 3 monthly installment been paid.

My sanction letter specified rate of interest @ 8.5%. But it is increased to 10%. This is been informed to me by their agent that this is the policy of the company to increase the rates after 3 months of installment paid.

The company gives the lower rate only lure customers to take the loan from them; are subsequently been cheated by increasing the rate; when there is no sign of increase in rates in Indian Economy.