Inconsumercomplaints.com » Business & Finance » Review / complaint: HDFC - Delay in disbursement of loan and funds | News #255064

HDFC
Delay in disbursement of loan and funds

My mom and dad have a joint account with the

bank and our customer id is 9289758. we had

taken a loan against FD from the bank about

3yrs ago for 1 lac which we were repaying

without any default. we had applied for the

top up on the same on 21st of june this year

and all the documentation was completed as per

the banks direction. we were promised that the

loan would be disbursed within 3-5 days but

the loan disbursement was not made till 30th

june bcoz of the inefficiency of the bank

officials.. due to this i asked the bank to

cancel the loan and close the existing loan

against the FD and pay me the balance of the

FD, to which i was charged 4% prepayment

charge. the harassment did not end here ..even

after my numerous request none of the managers

in the Industrial Area branch met me to

resolve the issue. the repayment of the loan

took another 2 days and the FD were not

liquidated till today... I was in the urgent

need of money and i was made to run from one

part of the bank to another to liquidate my

own money but still my efforts didnt bore any

fruits.. I had to rely on private money

lenders to get the funds.. I asked for the

waiver of the prepayment charges but i was not

given that aswell.. the ultimate shock came

today when the bank debited my account for the

EMI of the loan which i had already closed..

HDFC has duped me of my funds..I had lodged a

complaint in the Industrial area branch about

this issue on 2nd july but nothing was done

till date.. I had closed all my accounts

except one with the bank and would never ever

deal with this bank.. I want action to be

taken against the bank and refund for the

charges levied by the bank on the prepayment

which is totally against consumer rights..I

had to pay the price for the inefficiency of

the bank.. i want a written apology from the

bank and compensation for the harassment and

the loss caused to me by the bank... please

help!!


Company: HDFC

Country: India   State: Chandigarh   City: Chandigarh

Category: Business & Finance

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