Life Insurance Corporation of India [LIC]

[Resolved] Lic Housing Home Loan — Procedures & policies are completely about to fraud

manishbansalca

from Mumbai, Maharashtra

Address:

Jaipur, Rajasthan

I had taken a home loan from LIC HFL, I opted for 30L home loan from the same & the agent told me that it wll be given to me in a very ease & will take hardly 1 week, but after that everything was reverse, my loan sanction time was around 2 months & it was horrable time for me. they never called me about any problem related to my loan, even whenever I called then then only I came to know that this is the problem you pls. resolve it & will take 2-3 more days, always I used to get this answer only & the problem which they were telling me was also not understandable. but it was not that much enough, problem got started after disbursing my loan, when I came to know that they have given me loan on the basis of no principle payment till 1 year only interest payment for 1 yr. but I have not opted any option like this. after that they told me that from next month my ECS will take place on 7th of every month, but I got surprised that on 7 th no ECS got take place & when I called to the bank did not got any response, but I came to from their other deptt that no ECS facility is updated with my accounts, i was completely stunned, how they can disburse their loan without updation of ECS.Now I am stucking up with this ECS problem & they are not updating the same, kabhi unka server down ho jata hai kabhi phone pic nahin karte hain & kabhi phone swith off aata hai.

I am in complete trouble, if any body can suggest to whom I contact & to whom i can comlain of it.

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Aug 13, 2020

Complaint marked as Resolved

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Comments

Saurabh

from Chennai, Tamil Nadu

LIC Housing Home Loan — Unfair policies to charge interest

LIC HOUSING: BEWARE O[censored]NFAIR POLICIES to CHARGE INTEREST:
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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. At the time of pre-payment, nobody told anything about this. Only when I asked for account statement, I got to know this. 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. You will get mad calling one person after another, sending emails on several addresses, most of which have reached maximum mailbox size, so your mails will be bounced back. Keep away from them as much as possible.

Ashok Kumar jarotia

from Jaipur, Rajasthan

I have applied for a loan on December 2007 & senctioned with a huge Gap of 8 months on August.And after that i recieved only half amount.I have Complained about it Many times(many times Ajmer &many times Jaipur also) I newer get your Responce.My Agent name Mr suresh(ph.no=>[protected])-he says me your POLICY BOND is sent to Jaipur and not come yet.One week ago i personally meet Jaipur Office
they says your policy is send by us in a week, but it also not come yet. I really want by you to inquiry about it.I get very delay in my work bcoz of your irresponsibility.I want my rest of Amount as soon as posible.AND PLEASE SEND CONSUMERS COMPLAINT CONTACT NUMBERS SO I CAN TALK TO YOU PERSONALLY

My Details:-
Name - Ashok Kumar Jarotia
Address - 84/100, In front of Samta Bhavan, Regran Chotta baas, Beawar(Raj)
Loan Num[protected]
Application Num - 511519
Loan Sanc - 2, 55.000/-Rs
Recieved Amt - 1, 50, 000/-Rs
Rest Amt - 1, 05, 000/-Rs