This is to bring to notice a serious error in operations that I have been a victim of as a IDBI Home Loan Customer.

My Home loan account number with IDB is : 039675100024709. Andheri East Branch, Mumbai

I have been a customer since March 2010 and availaed a loan for my flat in Thane: Everest Builders.

In the last demand letter IDBI claims that the builder is overcharging and due to liquidity crunch IDBI can not fund my part disbursement request.

The builder has claimed that all evidences and legal artifacts are in place and there is no error from the Builders part.

I have physically visited the site and checked it for myself.


I connected my builder to have a discussion with IDBI Bank and the bank agreed to re evaluate the property and have failed to do so.

My Builder is ready with evidences where the same demand has been financed by IDBI and other banks but My controlling branch has not reverted and stopped financing abruptly.

Consequently I have to now pay 24% p.a. penalty to builder and risk of loosing the property if failed to pay.

The Bank branch off late has been irresponsible and failed to communicate my loan account progress. I have physically went to the bank 4 times to follow up and still no communication from IDBI's side.