Punjab National Bank Housing Finance [PNBHFL]

[Resolved] Punjab National Bank Housing Finance [Pnbhfl] — Insurance made compulsory with Home loan

dkumarmgl

from Mumbai, Maharashtra

Address:

Raigad, Maharashtra, 410210

I have applied for a loan of 2500000 against a property in Navi mumbai. When i got pre sanction letter today, i saw total loan amount was made 2625000 adding additional 125000 against Insurance loan.This was absolutely shocking as they never asked me whether i wanna opt for it or not.When i enquired to manager about it he said it has made compulsory by government.Is it the right way to sell a Private company insurance(icici lombard), the details of insurance is neither attached nor disclosed with pre-sanction.

Please clarify whether the process is fine.

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Apr 24, 2017

Complaint marked as Resolved

Punjab National Bank Housing Finance [PNBHFL] customer support has been notified about the posted complaint.

Verified Support

Mar 24, 2017

Punjab National Bank Housing Finance [PNBHFL] Customer Care's response Dear Sir,

This is with reference to your query. We understand that our official has spoken to you in this regard.
Trust the matter stands addressed. Assuring you best of services. Please write to us at customer.[protected]@pnbhousing.com for further queries, if any.

Team
PNB Housing

Verified Support

Aug 21, 2017