LIC Housing Finance — Frustrating experience with LICHFL, Pune, Swargate

Address:

Pune, Maharashtra

This is very very frustrating experience i had in dealing with LICHFL. I had sanctioned renovation loan from Baner branch in March end 2015. That got sanctioned within a week for 15 lakhs after submitting documents. After that i realized that i need more budget to complete my requirement. Then i meet Mr. Sachin Rajput in Swargate LICHFL branch via. my close friend. Mr. Sachin Rajput (Fraud/ Liar) committed me that he will get sanctioned 22 lakhs in single loan from swargate branch even if 15 lakhs got sanctioned from Baner branch. He said no issues in that, he done such sanctions before. I was doing this because Baner branch loan processing charges looked at higher side. For two loans (15L renovation and 7L mortgage) they conveyed around Rs. 36000/-. (20 + 16). My frustration starts there after... see below how it is. I submitted all required documents to Rajput on 4 Apr 2015 to get around 22 lakhs against renovation loan. He committed that he will get loan sanction before 30th April, with lowest interest rate which are supposed to come down from 10.10 to 9.90. I was OK with that. Interest rate were come down in around middle of April, but this guy unable to even lohin the file in till 30th of April 15. After doing dozens of call, he succeeded in login the file on 30th April. File number was [protected]. As par as i know once the file gets logged in LIC takes 1 week for sanction. In my case i can understand that they required to take NOC from Baner branch, and this should not take more than 2-3 days. From start of May 2015, Mr. Sachin Rajput (Liar) start false committing on my loan status. On every call which i made with him, he is to say...its getting sanctioned within 2 days. Every alternate day some other reason and commitment. I made few dozens of call in order to make followup on my loan status. After 15 may he started committing that 22 Lakhs got sanctioned and he will share sanction letter on whats app and will start disbursement immediately. He was lying on this as well. This story continues till May end. Due to my peek frustration, i called Swargate LICHFL and came to know that there is no sanction happened till now on my application, but other side Mr. Sachin was saying its already sanctioned. Then i spoke to branch manager and shared my story with him. As per him i made mistake in contacting Mr. Sachin Rajput for this. Then he said, he will do something on this. On 28 May 2015, again only 15 lakhs got sanctioned and not 20 to 22 Laks which was communicated to me by Sachin Liar. Now with this 15 lakhs sanction, my requirement will not getting fulfilled. So i am not going with this loan. LICHFL should take action against such lairs who works for LICHFL and cheat LIC as well as customers. I have posted this review, so that new customers will be aware before dealing with such persons/ branches. I am not expecting any resolution out of this, already frustrated too much. Santosh.