Let me be brief of the Mod-us Operandi of LIC HFL & Vinod.
1. sweet talks to pickup your case
2. Collects incomplete papers
3. Commits the day when sanction would happen. (do not believe him as he will definitely fail you & you will suffer a financial loss)
4. As he is careless he will bring up requirements at the last moment (well after the committed time) that are raised by the bank, leaving you running to arrange the documents.
5. Finally the case is sanctioned... hope your deal with the seller is still on.
6. The seller / builder starts charging you huge interest. so u run to collect the disbursement documents.
7. Collects your original property documents for disbursement. (beware he might lose it causing you irreparable financial & reputation damage) pls get it acknowledged what original docs ur submitting to him, also will collect 2 cheque from you which is a correct requirement, is bound to lose at least 1 of the cheque. Check this complaint http://inconsumercomplaints.com/complaints/lic-housing-finance-c264158.html
8. Will call be additional docs at least 3/4 times (why cant he be a little more organized & tell the docs needed in one go)
9. then your file goes to LIC back office in fort .. majority of corrupted people TOP - DOWN, who do not want the system to improve
10. if luck is on your side the file may get checked earlier.
11. If Vinod remember of your file maybe after 4/5 days. he might give u final queries. (till then keep paying huge interest.
12. Try complaining to the Area Manager.. things might move if this person is organized .. (but it seems difficult)
13. Pls keep checking with Vinod if he has not lost any original docs & cheques.
14. If everything is OK. You might get ur disb. cheque appx 10 days after the committed date. -- Normal time.
Problems with LICHFL
1. Understaffed
2. Still manual movement of the file. Use of computer to the minimum.
3. Absolutely unorganized.
4. internal corruption & bais by certain managers in power.
Problems with Vinod
1. Lair
2. Unorganized scatterbrain, irresponsible, careless & negligent.
3. DOSE NOT PICK UP THE CALLS, IF HE DOSE BE SURE MOST OF THE TIME IT WILL BE
MISLEADING.
AVOID LIC
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