[Resolved]  India Infoline Finance [IIFL] — home loan foreclosure charges

Address:

Plot No - 33, Flat No - 201, North Block, Gali No - 3, Vipin Garden, Uttam Nagar, New Delhi, Delhi, 110059

I have an ongoing loan with IIFL since 11 months. During my initial discussion with your IIFL executive, I was promised for NIL foreclosure & Prepayment fee during loan approval discussion. I was not informed anything related to Swaraj.

I had received the Sanction letter from IIFL which I have accepted and there is nothing related to Foreclosure & Prepayment. I did not received the welcome kit from IIFL at the time of Loan Sanction, And now when I requested IIFL to provide the Foreclosure documents, they are saying the I have to pay 5% as foreclosure fee.

I really feel cheated regarding the change in T/C hence I would request you to look into this issue and update as promised.

I really wonder how a bank of such a reputation can do these kind of things to its customers.

IL10027524

Thanks!
Vijay Kumar