[Resolved] LIC Housing Finance Ltd — Increase in Home Loan interest rate & tenure | |||
I am Laxmi Jain with a running home loan from LIC housing Finance ltd with the Loan a/c no.[protected] as mentioned above. I had taken this loan of 25L for 20years( 240 months). Now i have received a letter from you that as the interest rate is increasing you are revising loan period from 342 months to 570months. I want to clarify from you that when i had taken loan for 240 months, how come this changed to 342 months without any information to me. & how can you keep on increasing the time period without the consent of the debtor. You should atleast ask from us whether we want to increase the time period or we want to increase the installment. Without even asking you keep on increasing the time period. My initial time was for 20 years which you have increased upto 50 years,means i will keep on repaying this home loan for my whole life?? I want a clarification regarding this?? waiting for your positive response. Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
1 Comment | |||
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+91 22 2217 8600
+91 75 5267 6254
LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
More the service, response and attitude are very bad on LIC Housing.
Hence people are transfering the loan from LIC Housing to other bank.