[Resolved] LIC Housing Finance Ltd — DISBURSEMENT OF CHEQUE AGAINST SANCTIONED LOAN | |||
I have applied home loan on 14th December 2010. It was told to me by exeuctive that I will get home loan within 15 days. But finally I managed to get sanctioned letter only on 25th Februayr 2011 ( after 70 days) Now dispite having sanctioned home loan on 25th Feb 11 and all formalities done by me (as required by LICHFL) , they are not releasing cheque ( for due installment amount) . Serval time i have visited my Noida Brnach of LIC but no body is responding there. They are sayin only that file is with back office and they are palying with this. Irronicially, LICHFL has already charged Rs. 11000/- as processing and which is cleared from my Bank a/c on 21st March 11. But still they are not provindg the cheque amount. My due date to pay builder was 10th March 2011. and I have demand only Rs, 250000/- from LICHFL against my sanctioned amount of Rs, 20 lcas. Day by Day I am bearing penalty from Building but No one in LIC his listining to me. Please help me out of this situatin File No. 614462 Thanks & Regards Naveen Rawat Phone NO. [protected] Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
2 Comments | |||
Comments
Yes, LIC Housing Finance Ltd. is based on rambharose... I think no one should apply in LIC HFL.
Reply
i totally agree with Sudhir. We went for LICHFL few months ago and now we are suffering now. I would sugest anyone planning to go for a loan never go for LICHFL. Here are the reasons -
> First of all the agents there are not aware of any rules and policies. Ask them for any information, they start speaking nonsense. When you probe a bit more, they get scared and say they will check with their seniors officials and get back. They do get back with some explanation but there is always a mismatch with what they say and what the officials say. It gets really confusing.
> When we applied for loan, they said we both are eligible for 60plus lacs of loan and sanctioned an loan amount of 32 lacs (thats how much we requested for) based on mine and my husband's salary. They released the first loan amount to the builders. The second cheque was released for a lesser amount, when we questioned them they said we both are elegible for only 30lacks so they can dispatch only 30.
> Before applying for a loan we had checked with them for a topup loan for home interiors and both the agent and the officer said we can go for it without any issues. And so we planned acordingly, but when we approached them for a topup they had a different story altogether. Each had something new to say. First they said the topup loan will be half of what they had committed earlier and after few days they said that there is some problem with the builder and the construction and so they cannot release any loans now. Why didnt they check for all these details when they approved the homeloan to customers (i would also like to mention that 70% of the apartment owners are customers of LICHFL, how was the loan sanctioned to all of these is there was a problem?)
> Each guy in the office has his own rules and policies.
>Finally i conclude by saying that each person in their office is a fraud. Dont ever plan for a loan there. We are really worried of our five year fixed rates of interests that we have opted for at LICHFL, wonder what changes will they make after an year.
We both being salaried employees, it has really become tough for us to go about with these changes made frequently by these guys. Each time you plan something taking their statement into consideration and the next moment you see that you are re-planning everything!
> First of all the agents there are not aware of any rules and policies. Ask them for any information, they start speaking nonsense. When you probe a bit more, they get scared and say they will check with their seniors officials and get back. They do get back with some explanation but there is always a mismatch with what they say and what the officials say. It gets really confusing.
> When we applied for loan, they said we both are eligible for 60plus lacs of loan and sanctioned an loan amount of 32 lacs (thats how much we requested for) based on mine and my husband's salary. They released the first loan amount to the builders. The second cheque was released for a lesser amount, when we questioned them they said we both are elegible for only 30lacks so they can dispatch only 30.
> Before applying for a loan we had checked with them for a topup loan for home interiors and both the agent and the officer said we can go for it without any issues. And so we planned acordingly, but when we approached them for a topup they had a different story altogether. Each had something new to say. First they said the topup loan will be half of what they had committed earlier and after few days they said that there is some problem with the builder and the construction and so they cannot release any loans now. Why didnt they check for all these details when they approved the homeloan to customers (i would also like to mention that 70% of the apartment owners are customers of LICHFL, how was the loan sanctioned to all of these is there was a problem?)
> Each guy in the office has his own rules and policies.
>Finally i conclude by saying that each person in their office is a fraud. Dont ever plan for a loan there. We are really worried of our five year fixed rates of interests that we have opted for at LICHFL, wonder what changes will they make after an year.
We both being salaried employees, it has really become tough for us to go about with these changes made frequently by these guys. Each time you plan something taking their statement into consideration and the next moment you see that you are re-planning everything!
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LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021