[Resolved] PNB Housing Finance — HUO/CHE/0215/0085_R1 | |||
Dear Sir/Madam I have applied for a loan to buy a housing plot at Chennai. The loan was for a sum of Rs.5, 45, 000. The loan was sanctioned vide letter HUO/CHE/0215/0085_R1. But on the day of Registration for the plot when the loan amount was supposed to be disbursed, I was asked to provide 7 blank signed cheques without putting any date on them. When I am giving an ESC mandate from my bank where I have my salary account, why should I give balnk cheques? When I requested the concerned PNB Home Finance Ltd, staff to provide the necessary reasons for why I should give blank cheques when my property is also mortgaged with them and I am giving an ESC mandate, they could not provide valid reason. They replied back saying that this is Reserve Bank Policy and if don't give blank cheques my loan application will be cancelled. To my great astonishment I could not understand where Reserve Bank encourages giving blank cheques? My humble question to you is does this not amount to unfair practices?and why the higher officials are resorting to such unfair practises at PNB Home Finance Ltd. Need you valuable advise and intervention. Thanks and Regards N.Kishore Was this information helpful? | |||
Complaint marked as Resolved
Punjab National Bank Housing Finance [PNBHFL] customer support has been notified about the posted complaint. Verified Support Mar 30, 2015 Punjab National Bank Housing Finance [PNBHFL] Customer Care's response Dear Sir
We regret the inconvenience caused. With reference to your query, we understand that our officials have contacted your good self on March 28, 2015
Hope we have addressed all your queries. Please feel free to write to us at customer.[protected]@pnbhfl.com or call us on the toll free number[protected] in case of any further clarification , if needed.
Thank you
Team PNB Housing Finance
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