[Resolved]  Dewan Housing Finance Corporation [DHFL] — no disbursement of sanctioned amount from 4 months! false promises are made!

Address:

Ahmedabad, Gujarat, 380015

I RECOMMEND EVERY AND ANY HARD EARNER TO NOT PUT DHFL AS THEIR CONSIDERATION AS LOAN PARTNER WHEN YOU ARE GOING TO BUY YOUR FIRST HOME OR FOR THAT MATTER ANY PROPERTY!

My loan was sanctioned 6 months ago and since past 4 months not even a single penny has been released by the company and builders have made my life troublesome as they are not getting the amount on time! Worst, Now I am held liable to pay such an amount to builder in one shot which I was never prepared for and if I fail to do so, I’ll be the one who will suffer the loss!

I paid over a lakh in just processing fees, insurances amounts, notary et cetera and after showing nerve-wrecking patience of 4 months, the DHLF representative said they are not sure whether the company will even survive or not so its better I start looking for another bank.

About asking the processing fees which they took in advance, his reply was that it was non refundable!

Is this the way such companies do business?

PLEASE IF ANYONE HERE IS READING THIS AND HAVE A SOLUTION TO MY PROBLEM, PLEASE ASSIT ME!

It feels like the hard work done since past years is going in vain!

DEEPLY AGONISED AND DISAPPOINTED!