Life Insurance Corporation of India [LIC] — rate of interest changed to 11.45% without any information

Regretting why i have taken loan from lichfl. They are just cheating people and nothing else. The interest rate has been changed to 11.45% from 9.6% without any intimation. Market rate itself is not so high. Other banks are offering interest rate of 8.8% whereas lic is charging 11.45% and on what basis no clarification. There customer care never works, nobody anwers any call. Everytime you have to visit branch for even a small query.
Pls help.
Was this information helpful?
No (0)
Yes (0)
Life Insurance Corporation of India [LIC] customer support has been notified about the posted complaint.
Complaint comments 

Comments

LICHFL is cheating by increasing interest rates without informing.
also all other lender are keeping interest rates low but LICHFL is keep on increasing it from 8.8 to 9.0 to 9.1 and now 9.4.
I have send multiple emails but they done decrease it
they are offering lower interest rates to new customers but not taking care of existing ones

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Life Insurance Corporation of India [LIC]
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    36%
    Complaints
    6210
    Pending
    0
    Resolved
    2214
    Life Insurance Corporation of India [LIC] Phone
    +91 22 2217 8600
    +91 75 5267 6254
    Life Insurance Corporation of India [LIC] Address
    LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
    View all Life Insurance Corporation of India [LIC] contact information