LICHFL
Loan not dispersed despite

I have applied to LICHFL for home loan on 7 sep 2011. They have issued Sanction letter on 29 sep 2011 . Still they didn't disburse the loan. My builder has waited for 4 months. Now he is cancelling my allotment as I have not paid the amount.

LIC people has purposefully/lazily delayed or revoked my disbursement check. This case is for Secunderabad branch of LICHFL.

I have searched for my dream for 3 yrs and after my hard work when I found one. Because of these LIC guys, I am on the verge of loosing it.

I met the manager (Mr Sripathy - Secunderabad branch) on Friday 23 rd Dec and he said your file is ok, dont worry you will get the cheque by Monday (26th Dec). When I didn't get the cheque on Monday, I met him again on Tuesday 27th Dec. He said you will receive your cheque no by tomorrow (i.e. 28th Dec).

When I contacted him today (i.e. 28th Dec)... He is saying since your sanction letter was for 90 days and its over. You have resubmit your payslip and bank statement and then have to restart the sanction letter process and then disbursement will take place later on (may be 3 months again as it took just for approval being readied in 90 days).

Vipin

I am on the verge of loosing my flat because of these LIC guys.

Company: LICHFL
Country: India
State: Andhra Pradesh
City: Rangareddy

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