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Home Loan

This is a discussion on Home Loan within the Home Loan forums, part of the Loan category; Dear Consumer court, I had applied for Home loan with LICHFL. (Life Insurance corporation Housing Finance Limited). I had selected ...

  1. #1
    arvind_rathore is offline Junior Member
    Join Date
    Jun 2009
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    3

    Default Home Loan

    Dear Consumer court,

    I had applied for Home loan with LICHFL. (Life Insurance corporation Housing Finance Limited).
    I had selected property in Ghansoli, Navi mumbai with builder "Mahavir Enterprises" (Mahavir Tower - Sector -6 Ghansoli).

    Builder had convinced me to make loan with his known agent of LICHFL Mr. Sunil Yadav (LICHFL, Vashi Branch).
    Builder told me it will help me to make the quick loan within 7-10 days.

    Subsequentally I had applied for homa loan with LICHFL Mr. Sunil Yadav.
    I had submitted all the necessary documents on 21 May,09 to LICHFL through Mr. Sunil yadav.
    He told me to get sanction letter within 7 days.

    After convincing by Builder and LIC agent I had completed my registration process on 3 June,09.
    As per one of the agreement condition builder mentioned that remaining payment by Loan must be pay within 7 days of the agreement date otherwise he will charge me by 21% for the remaining amount (loan amount) from the date of agreement.
    But at the time builder was agree to exceed this time limit without giving approval in written.

    I got the sanction letter by LICHFL on 18 June, 09 after 27 days from the submitting document againest 1 week.

    Regularly I am taking follow up with LIC agent Mr. Sunil Yadav, LIC,Vashi branch (cell:-9821064242) (above the Navratna Hotel, near to busdepo) area Manager Mr A.B.Lal (cell#9833024535) but they are not able to give satisfactory reply for the delay.
    There was not even a single problem in my documents. still they are making delay to getting the loan.
    I dont know whats the reason. Even LIC, branch manager and agent are not giving satisfactory reply they are just saying it happens.

    Still I am waiting for the cheque of the amount already delayed by 10 days from the issuing of the sanction letter.
    LIC, Vashi told I will get within 7 days.

    Builder is threatening me for chargng the interest by 21%. LIC is making delay and builder is charging me.
    still I have no hope.
    LIC, Vashi branch is making delay.
    I am very tensed and puzzled.

    Please help me to resolve the issue.

    Thanks and regards
    Arvind Ratore
    LIC file no.617264

  2. #2
    arvind_rathore is offline Junior Member
    Join Date
    Jun 2009
    Posts
    3

    Default Please remove this thread or post put by me on urgnt basis..Arvind



    Dear Admin (or consumer court or any reader),

    My matter has been resolved now by above mentioned LICHFL,Vashi individuals(employees) mentioned above.
    They helped me out to resolved the issue.

    Please remove this thread from here on urgent basis so that it doesn'e show negative impression of them.

    Please don't take negative my above complaint towards any individual mentioned in my above thread.

    As i dont have any option to remove or edit post or thread put by me so please remove this thread.

    Regards
    Arvind Rathore
    Cell:-9967011448

  3. #3
    Unregistered Guest

    Angry

    I am 'Selbin Thomas' applied for LIC home loan through HUB Loans Pune on June 28th and I got my sanction letter by mid July. File no: 127897. After that they told me my disbursment will be done in 12 -15 days. But now August has finished still my loan has not been disbursed. All required document are with them so there is no issued of documentation. I met LICHFL manager and staff they are giving me a reason from past 1 week saying no title report recied from back office/main office. I believe they are not following up as its a government organisation no one to ask them.
    I want to raise a case in consumer forum and court for LIC to remove there Fair practise code, any word saying disbursment in 3 days with all documents and want compensation for harrasing me for such delay as builder is demanding interest for dealy. I was planning to shift to my new home by August end but due to bad service of LIC my all dreams has shattered. Please helpe me to raise this complaint to consumer court so that afterwards no government organisation will never try to harrase their consumer.

    Lic home loan no: 127897

    LIC Home loan office - Western Region
    Mr. Nitin Apte
    Area Manager
    LIC Housing Finance Limited
    No.2, Sneha Centre, 3rd Floor,
    Plot No.556/2, Fergusson College Road,
    Shivaji Nagar, PUNE - 411 005.

    Agency -HUB loans Pune

  4. #4
    yogeshchaudhari is offline Junior Member
    Join Date
    Dec 2009
    Posts
    2

    Default LIC Home Loan Worst Case

    I have submitted documents on 26 Apr 09 to Mr. Vinod Puruswani for transfer my home loan from Axis Bank to LIC Home Loan. The formalities of call, home visit, interview at LIC are done, but I have never ever got my Loan Application number, Sanction letter. Cheque submitted to LIC is cleared in bank and even after 7 months, I still not received application number and sanction letter.

    There were numerous phone calls and SMS sent to Mr. Vinod Purusvani. One day he asked me to talk to his Boss Mr. Sunil Yadav. Again I started discussion with Mr. Sunil Yadav on Phone several times, but not got any result. Both have kept me hanging and not given any result.

    I am not sure LIC is aware of this or not, but I have really disappointed in these 7 months as the period as benefit of less interest rate offered by LIC is been received to me due to these bad people. Even I lost my Rs. 6618 from 17 Jul 09. Now, I am fed up of calling them, sending SMS and email, but not getting result. I don't have contact of any LIC personnel.

    Can anybody suggest me what action should be taken, unfortunatly due to my job conditions, I was not able to visit personally at Vashi Office of LIC.

    Yogesh

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