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[Resolved]  IDBI Bank — Miscommunication about parallel funding

I have applied for housing loan for 18 lakhs and actually i was looking for Parallel funding and i came to know that IDBI bank has the option of parallel funding which i came to know from one of the client who is working for financial services(He was the mediator).I had applied on april and it got approved and as well i got my sanction letter also.As per payment schedule i released amount from my side and awaiting the payment to be done from the bank.In the end i was told that parallel funding is being stopped for some reason which they have not told me initially when i took the loan nor when i have sent mail to them to consider mine as a special case atleast.This is delinquency on part of the bank as well as the person whom i got in touch with. This is to say that customers now a days they prefer parallel funding, it is better to get information about the existance of parallel funding other wise we will end up paying processing fee and in the worst case on the verge of cancelling the flat itself.
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Aug 14, 2020
Complaint marked as Resolved 
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This happens many a times with IDBI bank, Even this happened for one of my friend, well an x employee of IDBI bank who was working as an executive told that they will charge one with insurance (HPP & bagic) they wont inform the customer about this and at the time of disbursement they will let you know, and one is helpless at this point. They will reduce from loan amount and pay the remaining. It seems these executives are being tortured like hell by giving multiple roles and task. In there intranet its mentioned as 3 yrs contractual emp(These executive write national bank exam and out of lacks only these people get selected ) which every year they renew. out of 1600 executives only 84 continue at the end of 3 year and god knows they have an written as well as face to face interview in which only a few get selected. Obviously there is politics and Remaining are thrown out after the contract or extend the contract make them to work as an office boy. So Guys be aware of this, Its truth and dont sign in for contractual bank jobs(even on on-role). If so please tell them to check their intranet.
Same thing is happening to me for availing home loan. Now they say RBI has has the rules to remove the parallel funding for all the banks, except axis.

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