[Resolved]  Indiabulls Home Finance — cheat, lie and wrongdoing by India Bull

Address:

Gautam Buddha Nagar, Uttar Pradesh

I took a home loan from Indiabull but my experience is really very bad with the company. I wish to convey to all prospective borrower to avoid Indiabulls. before applying for loan their executive will agree to all your requirements but after disbursement he including his superiors will disown their commitments. You can just imagine that i was given commitment of disbursement within 7 days but it took more than a month and at the last moment when my payment date to seller was about to pass i was told to come to branch to sign loan agreement. when i went their they presented me blank form, i asked them to fill up it first before my signature but to my utter disappointment all including senior talked very cheap and assured me to fill up the form immediately after my signature still believing when i signed then they said it will take 3-4 hours to complete this task. They did know that i will not be able to wait for so long. They had assured that they will will provide me photocopy of filled up form but same was not done. Then assured me that i may leave and they will send me copy of the filled up form that was also not done. some how i got the copy but it was deliberately filled up with the conditions which were not agreed. prepayment penalty was shown as 2% against agreed term as nil. there were such other serious lapses, same could be fully resolved till date even after 5 months. I was also given commitment that my full EMI can be started after disbursement but they are taking pre-EMI interest though i am willing to pay full EMI right from starting. this very disappointing and i will never approach such worst financing company in future. some body please advise me how to proceed. They are worse than SBI. I used to think SBI as the unfriendly , unethical bank in terms of fare and transparent services. but Indiabull has crossed them also. I do not know who in this field can be trusted.

regards,

Ashok
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