[Resolved] Lichfl — Processing Fee

Life Insurance Corporation of India [LIC]

[Resolved] Lichfl — Processing Fee

A Anonymous from Pune, Maharashtra

I applied for floating rate home loan of 26 lakhs in LICHFL on 14th June, 09. I was asked to pay processing fee of .5% loan amount out of which I was asked to pay Rs 6113 + service tax of 10.36% initially. Then within 10days, my loan got sanctioned. But before disbursement, LIC launched fix o float 8.9% 3 years scheme, so we decided to switch to fixed rate scheme and now LICHFL is asking us to fill a new application and pay the same amount again. We insisted that the loan has not yet been disbursed so why we need to pay the fee. But LICHFL is not hearing to us. I am frustrated about this. LICHFL should consider the customer sentiments too. Could you please suggest on this. Was this information helpful? No (0) Yes (0)
Aug 14, 2020 Complaint marked as Resolved
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Comments

Raman

from Amritsar, Punjab

You should serve them a legal notice and if any action is not taken, knock the door of consumer court.

Complainant2437421

I applied for LIC housing loan in the month of February and paid the following amounts as processing fees Rs 5618.00 (cheque no. 577720 on 12/02/09) and Rs 5456.00 (cheque no. 532241 on 19/02/09). Totally Rs 11,074.00
The loan is not sanctioned to me and till now the processing fees has not been returned to me in spite of giving a requisition letter at Anna Salai, Chennai LIC HFL branch in the month of March