[Resolved] HDFC Bank — Forcing to buy Higher premium Term Insurance after loan sanctioned

Nazir Sheriff

from Chennai, Tamil Nadu

Sep 2, 2022

Address:

New No 20, Lakshmipuram, Vadapalani,

I have been shocked and loss my amount of token advanced paid to seller for my land loan. since HDFC Home loan demanding to purchase higher premium Term loan, even after request to reduce premium i got reply as below.

Customer Service
To:
[protected]@yahoo.co.in

Tue, 23 Aug at 7:09 pm

Dear Mr. Sheriff,

Yes sir insurance is compulsory for your loan product type as it is a REACH loan.
We will have Sathish explain the insurance details to you.
ARATI RAMANUJAN

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Oct 8, 2022

Complaint marked as Resolved

HDFC Bank customer support has been notified about the posted complaint.

Verified Support

Sep 03, 2022

HDFC Bank Customer Care's response Dear Customer,

You are requested to be in touch with HDFC LTD. for resolution of your query/complaint through (URL / Link - https://bit.ly/2kE5Efw) for any Queries / Feedback / Complaints pertaining to HDFC LTD.

-Anay
HDFC Bank Customer Assistance