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[Resolved]  LIC Housing Finance Ltd — Misleading information regarding ROI in Home loan

I have taken a Home loan from Gurgaon Branch of LICHFL, through Area Manager Ashutosh Sood and his subordinate Dushyant Sharma in the month of June'07. and Being a GE employee they said they have given me the loan at the discounted rate of 10.75% instead of rack rate of 11.5%, ( which was not the true scenario) and also have charged me discounted processing fees of Rs 4K+ as compared to actual of Rs 19K as its 1% of the loan approved, which again was not the truth.

And since December as the ROI is continously reducing, they are not telling me the correct ROI which would be applicable in my case and always says that shall let you know.

And now although the area manager is saying that the ROI has been reduced to 10.5%, but he is not telling me the effective date, neither he is telling me when my EMI will be changed.

Now both of them are not picking up my phone.
Complaint marked as Resolved Aug 13, 2020
Complaint comments  51 CommentsShareTweet

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I have taken loan from LIC Housing Finance Ltd. given 12 post dated from Jan.'2008 to Dec.'2008. In the month of Oct'2008 and Nov.'2008 they have not put cheque in their account.
I have not any knowedge why they have not clear cheque from my account.
I am not a defaulter.
They have issued a letter Nos. FH.23218301.[protected].2625 DT. 22.10.2008 &FH.23218301.[protected].2625 DT. 3.11.2008 with panely of about Rs. 400 lumsum.

I have furnish the detail over phone.
I am very shocked if they can not keep our post dated cheques in order, how I will believe for housing documents are safe.
If they have misplace the cheque they can simply inform about the cheque I can transfer the amount or issued another cheque after the cancellation of earlier cheques.

With kind regards,

C. S. ADHIKARI
405 SECTOR 2, CHIRANJEEV VIHAR
GHAZIABAD (U.P.)
office phone No. :[protected]/74
mobile No. [protected]
email: [protected]@eepcrodel.org, [protected]@gmail.com
BEWARE OF CHEATING POLICIES of LIC HOUSING:
[protected][protected][protected]---
I took a loan from them and pre-paid a part in first 4 months. Later, they told me that interest will be charged to the same Outstanding Principal that was before pre-payment. They have such unfair policies to fool you around.

LIC Housing is a very very lousy company. Visit their website, and you will not find any phrase called "Customer Care". There is no care in practice as well. Keep away from them as much as possible.
wheather new rate of interest applicable to exesiting borrowers or not?
Dear Sir,

My loan Account Number is 84837.
I want to know the balance principal amount into sain loan account number.

Thanks & Regards..

Sanjay Kumar

allahabad bank home loan — don't want to work

sir,
I am from meerut uttar pradesh .
Actually my house is 2km away from allahbad bank Shastri Nagar branch. I reached there to get a house loan. Mr paul manager the branch manager was not interested to talk about the home loan.
I told him i am woking with RBS and my wife is UP government employee and she has account with your allahabad bank. we want a home load. He said go to any other bank your house is too far from there reach.
but my house is near to LIC which is the center of meerut and approx 2 km away form the branch.
Private bank are running behind me but i want government bank. He surprised me with nowork attitude.

Your faithfully

Home Loan — no response after speaking with customer care over phone regardsing home loan

Dear Officer,
I contacted toll free number my reference number is 7042046 last week and this week for enquirying about home loan .I have got the answer from that saying that some will from your bank will contact me very soon but one is turned out.

so kindl ask some body to contact me.
My Home Loan A/c No.408484

This has reference to my Home Loan. My EMI to be presented on every 10th, but this month EMI
falls on 11th due to 10th sunday. Hence I have deposited the amount on[protected] morning
9.45 AM. But I was shocked that ECS amount presented in the morning 7.30 AM and penalty charges
deducted.
This is un-justified. Hence re-present the ECS clearance and also return the penalty charges
which you have charged.

S.HARIKUMAR
Dear sir,

My LIC house loan A/C no. 01108553

i want all the detail about my house loan .Sir i am waiting for your response .

Thanks.

RAKESH KUMAR

LIC HOUSING FINANCE — misleading interest rates and faulty documentation

I too applied for a loan of 32 Lac and they were very prompt in giving me in principal approval. They promised me an interest rate of 9.5% on my loan amount but it was really very surprising to see them using formula for interest as 13 - 2.75, which comes to 10.25%. (.5 promised to me was a special rate for next one or two months.

They also told me that I can repay 10 percent loan per annum without any penalty and this thing was not at all mentioned in agreement. When inquired they told me that they can give me in writing but only on letter head of Branch officer, not in agreement.

Thirdly they told me that they will charge me only Rs 5550 for filing / processing but in agreement they mentioned that I have paid Rs 5000 and rest 11000 is balance. Again on inquiring they told me that it is mandatory to write like that, but Branch officer will give me in writing that I don’t have to pay this balance, but again on his letter head (not in agreement, where due was clearly mentioned).

I don’t know what sort of authority LIC has given to these Branch Officers that they can give things in writing on their letter heads. Agreements are legal and binding documents meant for this purpose. Come on LIC we are not fools. I have wasted my Rs 5500 and precious time behind such a fraud organization.
Can any one from LIC address my issue? They have really shambled their image.
Dear Sir,

My home loan A/c :[protected].

It is regretted that in spite of repeated request on telephone I have not received Provisional Certificate of instalment for the year[protected] so far, as the same is urgently required to save my Income Tax for submission in my office i.e. Army Headquarters

Therefore, you are again requested that the required certificate may please be forwarded to me on my E-Mail ID or
my residential address i.e. F-81/2, Andrews Ganj, New Delhi - 110049 immediately. Thanks
I had contacted Mr. Shailender, representative of LIC Housing Finance Ltd., Ist Floor, K-59, Lajpat Nagar II, New Delhi-24, Mobile No. [protected] for getting housing loan for some Gurgaon Project. I regret to point out that after about 4-5 calls, Mr. Shailender contacted me and that too with a dull attitude. After two calls, sent somebody on 8th May, 2009 to collect the papers (Draft papers) so that he could go through the papers and let me know if there is any shortfall of information. He indicated me that he will revert back to me within a day or two and indicate the position. Surprisingly, till today[protected] neither he has given me any information nor tried to contact me. Today, when I rang up and asked him the position, he told me that he has not talked to his manager as yet. Considering his attitude, I asked him that if he has to deal the case in this fashion, he should return my papers to which that gentleman agreed, without any shame, to return my papers. Is there anybody in LIC Housing to take up the matter to deal such type of representatives so that the prospective customers are not harassed and are not bound to waste their valuable time. With kind regards.

M.K.Mittal
35-B, Pocket `A',
Siddharth Extn.,
New Delhi-110 014

Mobile No. [protected]
Landline :[protected]Off)
LIC home loan is cheating people with wrong inormation.
LIC is marketing its interest rate is 8.75 %, but its not true.
this rate is concessional & only for 3 months & their after the rate is about 10.25-10.5.
this is very serious asey are hiding such information & fooling people who are in real need of loan
i have only applied in May, 2009 with a cheque amount of Rs.1103/- in Lajpat Nagar Branch, Delhi .but i donot want to take loan from LIC, i issued a cheque Rs.1103 in favour of LIC. i told him i m not interested about loan from LIC. when i did not take loan from LIC they posted cheque in Bank and withdrawn amount in my account. i want to back my ammount of Rs.1103/- from LIC.

if you help me.

my Phone NO.[protected], [protected]

thanks in advance.
I tried contacting the LIC Area Officers for inquiry of home loan. Phone went unanswered & No one responded nor tried to call back. I got these details form their website.
http://www.lichousing.com/


Location State & STD code Phone Mobile Fax North Region
Mr. Mahesh Adhikari
Area Manager
LIC Housing Finance Limited
Lakshmi Insurance Bldg.,
Asaf Ali Road,
NEW DELHI - 110 002.
Email: [protected]@vsnl.net Delhi
[protected]
2323 2607
[protected]    
__________________________________

Location State & STD code Phone Mobile Fax North Region
Mr. K. Jayanthi
Area Manager
LIC Housing Finance Limited
54, Mahatta Tower, 4th Floor,
Block B-1, Community Centre,
JANAK PURI - 110 058.
Email: [protected]@spacenetindia.net New Delhi
[protected]
2885 5274
[protected]   25593314
my house vendor have the loan 1122800, but iam taking loan only 600000 . how to clear the my vendor loan and when should i go for registraion

shall i produce following documents .
1) my loan sanction document ( 600000)

2) check for remaing amount (522800)
I agree to the complaints of LIC. I have also applied for a loan which was sanctioned but not disbursed due to some policy changes in LIC. When I approached their office in Lajpat nagar for refund of processing fees, as loan was not disbursed, they denied the refund without any reason.
LIC do not have any email or ph. no. where we can complain. The only way is now approach the consumer court. We should do it together.

email: [protected]@rediffmail.com
I have also apply for a loan in LICHFL. LICHFL already sanctioned my loan.But now they are asking me to give them a blank cheque for my PRE EMI!! How can they ask me like this???I just want to know is it legal?


Please let me know.I am waiting for your reply.

Regards,
Maitri
Hi,
We have approached LIC housing finance for loan & they have sent a executive to clarify all the queries. But when we visited the branch for submitting the papers for finalization we are shocked that the agent has given so many false commitments for Loan repay, Rate of interest, & processing fee. Even the branch person says that we don't know the executive, & he is working there & attending the customers.
I want LIC finance Customer Care No.
I had applied for a loan (A/C[protected] of 10L and received 5L and 2 L in two installements. 3L is yet to be received.
my first ECS was cleared for Rs. 1103 againt interest. I was told that your payment had not been received. On enquiring from my bank I could know that LIC had not initiated to ECS payment. Any way I had deposited a cheque and to my surprise late payment charges also deducted.
At this juncture my apprehensions are
1. So far 30% Loan amount is yet to be received and installement is being paid for full amount.
2. Since LIC had not initiated they why late charges
It appears that no body is there to take care customers. loan seekers should also be treated as cusomer.
Can anybody from LIC official look into it.
regards
Raj Kumar Singh
H No 2967A Sector 3 Ballabgarh -121004

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