Dear Sir/Madam,
I need your help to get solution to my problem regrading home loan from HDFC bank.
I have booked a resale flat in Pune and applied for home loan from HDFC- Shivaji nagar, Pune branch with my wife as applicant & myself as co-applicant. The reason behind going to HDFC was that the owner also has his loan from HDFC and I thought it would be easy to transfer loan internally.

I submitted all the documents on 7th.Feb.2011 to HDFC Sales executive and he told me that your file has been sent to Credit department. It's more than month now and their credit department still reviewing the file.
Then they told me now that there are some records in CIBIL on my name against cerdit cards and personal loans.
To counter the record, I submitted all the latest statements of my credit cards which I am using currently to show my credit balance status. I submitted NOCs of closed credit cards. I Also submitted my mail communication from customer care of one of my credit card provider bank, where in they have clearly stated that my fees were reversed and I have no outstanding dues on my credit cards. They also accepted their mistake of sending my wrong information to CIBIL and assured me that they have initiated the process to clear off the record from CIBIL.

I also submitted NOCs of my HSBC personal loan and ICICI consumer loans. Also submitted track records of the loans. But still they are not satisfied with it. Now after a month they are telling me to submit 1.5 lakh amount FD in their bank which is impossible for me at this point of time.

I have IDBI homefinace- home loan and I am paying it regularly since last 3.5 years without any failure. I am using HSBC credit card since last three years without any issue. I am not sure why I should not get loan when I have eligibility to pay back. I and my wife both are Engineers and working in good companies. Please note that my wife doesn't have any CIBIL record.

My only question is-Do young generation of this country have right to see dream of buying house?
Why should my wife suffer because of my record when her record is clear?
If bank has accepted their mistake of wrong CIBIL record, why should we suffer for their mistake?

Please guide us and help us how to tackle this issue.