[Resolved] LIC Housing Finance Ltd

Life Insurance Corporation of India [LIC]

[Resolved] LIC Housing Finance Ltd — delay in sanction

N Narinder goyal from Delhi, Delhi

sir, I applied for housing loan of Rs 1500000 in march 2008 and all the required documents were provided. Further various documents were demanded and were given by me. during the last months now they are demanding unrequired documents which dont have relevance with the loan.There is inadequate delay in loan and my project has suffered . Upon asking -why they are not providing sanction after so many months, official say there are two alternatives . 1- keep on giving documents forever. 2- 5% of sanctioned money demanded by officials after listening this i had no other alternative except to complain. Now i have complained to RBI, ministry of finance and u. so please take the required action Was this information helpful? No (0) Yes (0)
Aug 14, 2020 Complaint marked as Resolved
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Comments

Murali Sudhakar Sistla

from Hyderabad, Telangana

Their customer care found to be very poor as told by one of my colleague yesterday.

Murali Sudhakar Sistla

from Hyderabad, Telangana

One of colleagues cleared the entire loan but the documents are not being returned by the LIC Housing Finance Limited, Maitrivanam, Ameerpet, Hyderabad. When he informed them that he will write the same to the higherups about their indifferent attitude, they told him "you are at liberty to do so but the documents will be returned by us only after one month". This clearly speaks about the indifferent attitude and negligence of the LIC Housing Finance Limited. Does it require one month to return the documents? Or is there any motive behind this?