IDBI Home Finance/Home Loan
Disbursement of bslsnce Amount

I took home loan from IDBI Home Finance Ltd in April. The total amount which was sanctioned to me was 55 lakhs. Out of which 34 Lakhs were disbursed at the same time. My builder use to sedn them reminder from day 1 to disburse balance amount also

as building was on verge of completion. But they never responded back. After tremendous follow up they disbursed 5 lakhs. But that was not full amount. My building was ready & builder has already started giving possession to many of my building mates.

Final construction work of my flat was stopped because balance amount was still pending from IDBI Home Finance. Ia sked them to disburse balance amount but they use to tell me that technical is done & your builder will get balance amount next week or coming week.

But that never happened. After that I moved to United States. From thr also I was continuously following up with IDBI Home Finance guys to disburse my balance amount & they told me that DD is ready & they will dispatch it in a day or two. My builder is not giving me possession for my flat

, which is tru in any sense because balance amount is pending from bank.thts why I kept all my house hold items in warehouse for which I am paying a rent of 5000 per month & was hoping that I will get possession soon as it is a matter of 2-3 days.

Now after 6 months I am told that your CIBIL report shows n number of negative records, so we can't disburse your balamce amount.

I want to know that howcome my CIBIL report was in good shape at first place when my loan got sanctioned.

Had it been the case, my loan should not get sanctioned at first place itself.& I would not have gone for that flat. But now when everythng is done, at eleventh hour they are saying that your balance amount cant be disbursed.

Even if they are not going to disburse my balance amount that fine with me. But I want to have an enquiry over this that how my loan got sanctioned at first place. Thr is no change in my CIBIL report from last 1 year or so.

Need your intervention on this as I am in big mess.

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Abhishek Somani

Handy: 2016686142