LICHFL Financial Services
Reviews and Complaints

Housing Loan sanction letter received from LIC HFL but before 2 days of disbursement, howrah branch Manager Mr Pankaj Giri refused to disburse the loan and collected security cheques from me which is totally illegal.

If LIC HFL was unsure then on what basis they have collected security cheques from me.

I want immediate justice as because I would like to complete the registration on day after tomorrow without fail.

They are claiming unnecessary money from me.

Thanks & regards

Rosy Sanyal

[protected]

I applied for a Home loan from LICHFL (Mainpuri UP 205001) to get financial help to get my home constructed. My application no. is 5977148. The company's agent at local office made me take round of the office for last 3 month. After making every kind of enquiry and deposting all the required documents the send me a msg of loan sanctioned. But when I askënd them to release the first installment of the sanctioned amount they started asking me a bribe of 1.50 lac which is 10 % of the total loan sanctioned.

I have enough proof to prove my complaint, if required I will producers the same.

I request you to take immediate action against the corrupt agents otherwise I shall be bound to lodge an FIR against my mental and physical harrassment.

I hope a positive and quick response in this regard.

Sir, I sold a plot to mrs. Sukrati on dated 12.03.20 .the purchaser got financed from l.i.c.h.f.l. branch Gwalior m.p. ..the disbursement amount cheque no.497309 dt.09.03.20 not given to me (seller) ..even the registry of the plot got transferred in registrar office Gwalior on 12.03.20 ...Now I want to give a legal notice to l.i.c.h.f.l. 420

Dear Sir,

I had applied loan for purchase of a plot property in your company through one of your agent Mr. Shekhar Rajput who has his office in name of Dhara Finance in Indore. I had requirement for loan amount of Rs. 14.50 Lacs to purchase the Plot. Mr. Shekhar Rajput approached me and he did commitment with me to provide 100% amount for plot purchase through LIC HFL and assured me that after registry of plot remaining amount will be disbursed through submission of a simple development agreement in name of any third person.
I had told him that cost of plot is Rs. 1150/- per sq.ft and size of plot is 1256 Sq.ft. hence I will need fund of Rs. 14, 44, 400/-
He logged in my file in your company and provided me sanction of Rs. 15 Lacs in month of 09/08/19. I signed the loan documents but my requirement for disbursement of the loan was in first week of October but he got disbursed my loan on 28/08/19 without informing me and without taking my consent and due to it I had to unnecessary incur interest loss for a month. After registry in first week of October i asked him to provide the remaining fund of Rs. 450000/- for that he said to me to prepare development agreement in his given format and transfer 25% amount of Rs. 4.5 Lacs as margin in the account of person in which name development agreement will be executed. I had to arrange that fund too from borrowing from my friend. After this transaction and submission of development agreement I did not get the cheque for Balance amount of Rs. 4.5 Lacs for more than 20 days then I started following him to know the status. Yesterday he told me that I will not get the cheque f Rs. 4.5 Lacs until I start construction on the plot.
It was a shocking information for me because I had made him clear on first day that I am purchasing the plot for investment purpose as of now and I don't have any plan for construction till next 2 to 3 years on that plot. For the registry of plot I had to also arrange margin amount through personal borrowing from my friend and relatives. Because this person had given me assurance to provide balance amount after submission of development agreement.

Now he has denied to take any responsibility and doing misbehave with me and also abused me on phone for which I have recording as a proof. Due to this person I have stuck in financial debt of Rs. 4 Lacs and also my plot can not be sold as of now to clear my financial debt.

Its very surprising that LIC HFL being a prestigious finance company has hired such type of fraud and cheater person Mr. Shekhar Rajput as an agent to sell your loan product for which he has not any basic understanding. This person had also taken as an advance fee of Rs. 15000/- from me to provide sanction of loan from your company.

Now I request from you to take this matter as a fraud and cheating act with me by your agent Mr. Shekhar Rajput and initiate strict action against him so that he could not do this kind of cheat and fraud activity with any other customer in market.

Kindly also inform me for your action.
My File no. is [protected]
Your Branch Address: Gopur Square, Indore

Regards
Rajiv Singh
[protected]

I took home loan from lichfl two year back, interest rate was 8.7. I have applied for the pmay (pradhan mantri avas yojana) hence they split the loan and roi was 9 and 8.7.

After that they increased roi multiple time, now interest rate is 9.2 and 9.7.
Rbi reduced repo rate last 5 time but lichfl not reduced my roi. I went multiple time rajaji nager office but no use. I did complaint on portal no use. I want to know that what is the next level of action

I have written multiple emails - 10 emails to release the pending amount on home loan to LICHFL but there has been no response from them.
I have also involved the managers in the email explaining that i have moved to Bangalore and need immediate help in releasing the amount as the builder is threatening to cancel the booking. Its been almost 4 yrs that i have been paying an interest of almost 17 k every month to LICHFL on the disbursed amount. The loan was supposed to be on 10% interest for first 2 Yrs and 8% post that but i am still being charged 10%.
Why such an unpleasant service ? why is there no acknowledgement on emails ?

I should not lose the house because of a delays in addressing my request to LICHFL.

LIC staffs were getting bribes from client and arranging loans and not processing loans those who are really eligible. Please enquire the following to get more details.

Name: Prem Prakash
Address: No 9, Brahmasakthi City, Ponmar
Contact: [protected]

The above person does not have job for 6 months and got the loan approved. Still processing the next loan for approval and is alomst done.

Dear Sir,

• Name: Dharmesh Rajendra Desai
• Policy Number: [protected]
• Loan A/C: [protected]
• LIC Malegaon Office: 335/ A-1, Sangameshwar, Camp road, Malegaon, Dist-Nashik, 423203
• LIC Bangalore Office: 15/1, Hayes Center, 1st Floor, Hayed Road, Bangalore, Karnataka - 560025

I am Dharmesh Desai, I took a home loan from LIC HFL Bangalore which I repaid completely on 23/12/2016. For this home loan, I submitted my original LIC Insurance policy ([protected]) as a mortgage at Malegaon LIC office (Please find the policy assignment letter). After full repayment of Loan amount, I received all other original document except original LIC policy which I used for mortgage. I am going forth and back to LIC Bangalore and Malegaon office for my original LIC Policy but I am not getting correct answer.

Please do the needful and help me resolve this issue.

Attachments:
• Copy of LIC policy
• Policy Assignment Letter.
• Loan Repayment Letter in Full

My name is Manzar Reza Ansari. I have taken Home loan from LICHFL/Durgapur (WB) in March-2018. My loan A/C is [protected] and Application No is [protected]. I have Closed my loan A/C in November-18. From November-18 to May-19 after Completion of Six months, I have not received my Original Documents . I can't understand what is the matter. In absence of my Original documents i.e, Allotment Letter issued by Builder, Money Receipt issued by Builder, Tripartite Aggrement, PDC etc. I can't receive my balance amount Cheque from my Builder.
Kindly look into the matter and do the needful at the earliest. My mobile No. is [protected].

Sir I took homeloan of amount rs.2000000.00 from lichfl for the purpose of loan takeover purchasing and cunstruction from aadhar housing finance rs.1219709.00 after my loan takeover I submitted original document to lichfl allahabad and I also submitted construction related photographs for getting construction amount, but last 19 days they are bothering me and not issuing cheque of the second disbursment amount, I contact daily lichfl office for my second disbursment amount but daily return me and they tell me the same will be next day. So please look out this matter and kindly resolve.

Intrest rate was reduced to 9% last year, and slowly it has increased back to 9.7% rate. Where you are providing new loans for 8.7 for loans upto 25L and RBI is offering at 8.7%.
Last time to get the intrest rate reduced u paid and amount of ₹1150 and now within half year the intrest rates have increased back by 70 points and back to 9.7%.

When I paid the money it was at 10.1% and slowly its going back to the same value if this was the case you should have told the customer it's fixed value instead of slowly increasing the intrest rates
They are looting common man under the nose of SEBI and RBI

Dear Sir/Madam,
Good morning!

How can you raise the revision rate of interest?
who gave the authority to beyond the limit?
Why are you not offering the low rate of interest for good customer and old home loan customer ?
This is a illegal system, i am a middle glass person and couldn't pay that extra amount, i am getting low wages or salary from others, you can collecting the rate of interest from our end at your own decision, why are you offering for new home loan rate of Interest is 8.35 to 8.60%, how can you offer this amount? How can you manage / Survey ? Kindly provide the capitalize owner of details, We can escalate our queries with them

So i am cheating from Lic agent and from your end ? Am i right or wrong?
My Lic agent not provide the clear details about on this and They said to me' this is a Fixed rate of interest, it will be decrease but not go to beyond the limit, at the moment am getting the rate of interest beyond the limit, Can i make the complaint with particular LIC agent to consumer court ? They are cheated home loan along with construction.
Kindly take a legal action about on this ? otherwise you have to transfer my home loan to New rate of Interest 8.35%
Pls check and advise your feedback.

Regs,
Thiruppathi.k

Loan number [protected]

We received a letter dated 10/08/2018 about change in rate of interest to 9.10% . However, the letter was dispatched on 30th October 2018. How can a letter get dispatched so late?
Also note that the interest is shown as 9.4% in the LICHFL portal. Please clarify which is the correct data that we need to rely upon.
We as a customer gets confused about this irrelevant and inconsistent data provided and maintained by LICHFL.
When i tried to log in a complaint through customer portal, the location is not getting picked up and not allowing manual updation as well.

I, Partha Ghosh had submitted an Exit Form of Housing Loan Account Number [protected] duly signed by me and my spouse Sangeeta Ghosh which was received on 20.09.2018 at K. G. Marg Branch, New Delhi by Mr. Gaurav. Till date I have not got any response regarding handing over of Original Title Deeds even after a lapse of almost 35 days.

Kindly expedite the case as I need the documents urgently.

PARTHA GHOSH
[protected]

I have a housing loan from lichfl, the loan account details : [protected] I want to close the loan account as I am in process of selling the property, I went to the kolkata koyla vihar, office, and spoke to mr. jayanth sharma, to my surprise the person was very rude and in first place didn't listened to my request, he then told me to come after 7th, my aged father who is approaching 70 years of age requested him politely to consider him as we have come all the way from bangalore, he bluntly told that he doesn't care about it, and he will not do it, to my knowledge if customer is ready to close the housing loan, there is no reason of particular day one has to come, I have asked for it previously and because of the loan closure delay I couldn't sell my flat, and have incurred heavy losses.

Let me know what is the procedure to escalate the matter to higher officials, I want my loan to get close, and make sure your staff are polite to customers, as we customers provide business to the lichfl organizations.

Sir I have lone of your compny from 22feb.2016 amount 1575000.00rs lone a/c no. [protected] at rate of 9.6%.after comp. Of2 year int. Rate ince. 11.7% wihout any info. SoI want to transfor my lone at others. I request for LOD on date 81july2018 with acheqe of 590.00rs. Sir steel i am not riceve LOD. I call no. Of times at bhilwara office [protected]&01412360139at jaipur office. At jaipur office phone call not ricived anybody. Please do need full sir for nesesary action thanks. Gopal Lal Somani

Dear sir/ mam,
I am gideon from vellore location. I am working as asst manager in hdfc bank vellore. yesterday (30/08/2018) I have visited the branch located near katpadi for a loan enquiry of my mother which has been availed in lic housing. I have requested for outstanding balance of the loan since my mother is sick and could not travel from gudiyatham to vellore.
the staff insisted me to get an authorization letter from the applicant to provide the outstanding details.
today (31/08/2018) again I visited the branch requesting for loan details with the authorization letter provided by the applicant. the mannerless behaviour of the staffs insulted me a lot and made me to feel bad about the reputed organisation.
without listening to my conversation the staffs asked me to get out of the office in front of other customers which looks awkward.
staffs insisted me to get the authorization letter and wasted my time and my priestege in front of others.
this behaviour provides very very bad impact on the reputed organisation and due to this issue no more we are interested in having relationship with the organisation.
my humble request is to take necessary action against the employees and help them to understand the customer and their requirements.
I wish to close the loan on immediate basis and I wish to get the outstanding balance amount which we have to pay so that we will close it immediately.
please take this complaint and requesting your support on priority..

I have been get a home loan from LIC HFL in 2016 with 9.5% rate of interest even after that government reduce interest rate but not doing reduced by LIC HFL.
Now when seen our loan status online then its found after two years in 2018 loan interest automatically increased as 11.8% without given any intimation.
When I personally discussed with branch executive he said it may be reduced after receipt of 11800 Rs. including 18% GST to 9.3%, pl. submit the filled form which provided by him thru mail.
But I seen there is written to reduce as 9.5% after all process. Then I have discuss again & he say if you want to reduce the ROI then send filled form along with Rs.11800 cheque otherwise its going forward at ROI 11.8% and it might be increased more after paying this amount also and again you have option to pay again Rs.11800 & get reduce. but automatically it can be increased but not reduced.
I want to help about this cheating & fraud with us & may be its happened with many of people.

Application Status: Your Survey ID has been generated (5764025). You are required to approach a Bank/HFC of your choice and location to initiate the process of applying for home loan under Credit Linked Subsidy Scheme (CLSS) of PMAY(U) (with a copy of the filled up assessment form indicating the Survey ID). It may be noted that sanction of home loan and interest subsidy under CLSS to a beneficiary is subject to his/her complying with the requirements of due diligence of the concerned Bank/HFC.
Pradhan Mantri Awas Yogana Assessment ID - APP19801742191109
Aadhar Card No- [protected]

For my housing finance in the name of Renu Tiwari after my land registry, I applied for loan and submitted all the required papers on 22/03/2018 to the LIC agent name Manish Singh attached with area office at kamachchha varanasi.today is 02/05/2018 I have even don't get any information regarding status of my loan.I contacted many times with the agent and also area manager mr.sharad, but no any progress information was given by them to me.after 40 days they even don't inform me, if I will get the loan? How much amount I will get?Mobile number of lic agent Manish Singh is [protected], area manager Mr. Sharad mobile number is [protected].