[Resolved]  Dewan Housing Finance Corporation [DHFL] — Land loan with forced insurance - fooling customers

Address:	Chennai, Tamil Nadu
Website:	www.dhfl.com

I took dhfl home loan for purchasing dtcp approved vacant land (Plot). While applying for this loan, they assured 9 lakhs loan for the purchase value of 12 lakhs.

For about a month, they did not processed my application. On moth end, they processed rapidly in order to achieve their monthly target and approved the loan. They informed me and subsequently i initiated the registration process. Day before registration, the bank officials called me over phone and told cheque for the value of rs. 6.7 lakh is ready and it is 15 years tenure with forced insurance for the premium of 30, 000 (All data filled by themselves were found to be wrong such as my height, weight,...).

I was shocked and while calling them, they are saying: if you want more loan from us, reapply (With another application charges of about 7000) and it will take another month,

Regarding tenure, i have asked why you have not asked me about tenure, they told, u can change the tenure by paying some lumpsum amount

Regarding wrong data on insurance policy, they told u can change all the details within 15 days of receipt of policy.

As all said, they increased the interest from 8.9% to 13.75% with in 3 years.