Life Insurance Corporation of India [LIC]

[Resolved] LIC Housing Finance Ltd — Rate of Interest on home loan

gautam_ram

Address:

East Delhi, Delhi

I have a Home loan account # [protected] which I took from LICHFL in Feb 2010 for fixed rate of 9.25% for three years.

I have just been come to know that my ROI has been revised by the Bank from 9.25% to 11.90 % and the installment has been increased from 2500 rs and not only this they have increased the time span of the loan from 20 years to 24 years.
I visited the branch on 15th April 2013 and spoke to the authorities concerned but they are not ready to listen, they say nothing can be done. I am failing to understand how come the floating rate be 11.90 % this is not as per the market. Even the market rate is not more than 10.50 %.

With this I am going ahead to make a complaint to the RBI banking ombudsman officer.

I would like the authorities concerned to get back to me and sort out the issue else i am going to seek the legal help and sue the bank and seek legal help from the regulators.

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Aug 13, 2020

Complaint marked as Resolved

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Comments

K SANTOSH KUMAR PATRA

from Chennai, Tamil Nadu

LIC Housing Finance Ltd., — Interest on Housing Loan

Dear Sir/Madam,

This said company has charged at a higher interest rate. My loan is a floating one and whatever current market rate it should be applicable to me also. But when I enquired the reason for higher charge I was told borrowing rate has been increased. If this rate is increased it shuold be applicable to all. However they are showing ad in tv with lower int rate.When inquired they are telling that is for new customers. Sir I have taken the loan just 5 months ago. They are playing with our life and simply expoliting us. They do not have fear of God.

Please take some necessary acttion to save the public.

Regards,
Santosh

Ashok Kumar Koli

from New Delhi, Delhi

i have applied for home loan which was rejected on the ground that my name is listed in CIBIL site. I told them that i have never raised any loan from any bank or any financil institution and due to some mistake my name is reflected in the CIBIL site and they rejected my proposal. After that i tried to contact one executive Mr. Ishant Taneja (Phone No. [protected]) who was dealing my case, who was dealing my case, but he did not picked my phone since then and he put some other executive on line, who told me that Mr. Ishant is busy in the meeting and your file will be returned in a day or two i.e. 6th or 7th March, 2010. . This attitude has started soon after my loan was rejected and he was sure that he won't get any incentive from my proposal. I want to know that is an executive of some DSI or LIC is so busy he did not get time to attend a phone call or call back. Till date i have not received any phone call or my papers.

I request you to take necessary action and take necessary action against the said person for his unprofessional attitude.

regards,

Ashok KUmar Koli