[Resolved]  LICHFL, Thanjavur — Non Disbursement of Loan

Address:

South Delhi, Delhi

LIC HFL home loan with file no. [protected] under the names of Anand Kumar and Minakshi Kumari for Rs.33 Lacs was sanctioned by branch Asaf Ali Road vide sanction letter dated 31/05/2012 for purchase of flat "Amrapali Zodiac" from Amrapali Developers which is a FDI funded project from J P Morgan. However, the loan has not been disbursed as yet citing reason of revalidation of project .

In the above connection i would like the authorities to look into the following:

Firstly, If the project was to be revalidated and not approved on the list of LICHFL then the branch should not have accepted my loan application for earning processing fee of Rs.5618/- which is not refundable.

Secondly, the branch should not have asked me to submit the relevant papers for disbursement of the loan which was submitted to them through Mr. Sunil Sharma (DSA) on 12the June 2012.

Lastly, the cheque for upfront fees amounting to Rs.12926/- was also encashed by LICHFL on 23rd June 2012 without disbursement of the loan and is not at par with the of LICHFL Policy.

LICHFL has been disbursing the loans on the aforesaid project till recently. They may be asked to intimate the last date of deadline set by LICHFL for disbursement of loan to Amrapali Zodiac Project. I had already paid an amount of Rs.12 lacs approx to the builder from my own resources after which the loan amount of Rs. 33 lacs is due to builder. The sanctioned letter gets cancelled after 3 months automatically after which i have to apply afresh with the processing charges.

As such it is requested to take due notice of my complaint and suggest action plan.


Thank you,
Anand Kumar
[protected]/[protected]