[Resolved]  LIC Housing Finance — Illegal fees for Pathetic service @ LICHFL Bangalore

Address:

Bangalore, Karnataka

Need to go to main branch at Hayes Road for any service however small it is. The so called area offices are good for nothing. All the promises will vanish soon after the tripartite agreement is done.You will have to visit the main branch at Hayes road even for making any prepayment. Not only that, they will collect irrelevant (if not illegal) fees for any service, e.g 1. List of document: Pay about Rs. 700/- for "xerox charge" and they will ask you to go after 15 days. This is just to type in a paper acknowledging the legal documents kept with LICHFL. 2. Change in EMI: Pay about Rs. 1200/- along with 6 months payslips, bank statement etc, and wait for 3 months. 3. Preclosure of Loan: Pay about Rs. 5000/- to request the documents back and then wait for months. I had previous home loan from other private banks and car loan from SBI, but never faced these issues. I wonder how LICHFL would survive with this kind of service, not to mention about their interest rate which does go downward ever for the existing customers.