Dear All,
NEVER Apply for Home Loan from LIC HFL PUNE. LIC always gives home loan through Agents. LIC do not have any specific % formula for Processing fee. Agents get 50% of fee as commision. so they try to get maximum from customer.
Agents never help you. The LIC official keep you waiting for Saction letter, disbursement etc. and try to take bribe from you. If you are honest then it may take min. 6month for you to get the task done. Agent pretends to be helpless.
i applied for a small home loan w.r.t. my salary (in March). The lady Agent appered to be very cooperative in completing initial formalities. Then i got sanction letter in 2 month. then agent took all original aggreements, receipts etc. for legel verification. Report was OK.It took only 2weeks. Then LIC started the PLAY. I asked to pay full Processing fee (It differs from customer to customer) I paid it immediately. Now i was locked. all papers were with LIC.They got the processing fee. It was very hard for me to change the bank. then for next formalities agent told me that i have to visit LIc office personaly.
When i visited them in PUNE office i noticed that they want bribe. They behaved as govt. servent. But nobody speak clearly. i went back. After few days when i called my agent, she told me LIC officials are on LEAVE. When i personely went to LIC office, they behaved as if they making favour on me by giving loan.
then it took 7 months and i had to visit LIc Office PUNE for 8 times. whenever i called them they cut the phone. i got very dirty treatment from LIC and LIC agent. Also LIC agent gave me wrong information about PRE EMI.
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