LIC Housing Finance (cheaters)
Hike in Interest rates and no communication to borrowers

My loan was sanctioned @8% in 2009 and now the rate is 11% in first quarter of 2011. They never inform their clients about increase in interest rates and do whatever they want. They enhance the term of loan without informing borrowers. They don't give any option to borrowers whether to increase EMI to save interest. They just do whatever they want like GUNDA's. When we try to contact branch officials, they give contact numbers (landline) of officials in Delhi to talk about. Most of the times these numbers are not picked. We are not borrowers rather are bothered's. They are just using LIC name and LIC officials should now think that housing finance people just giving bad name to LIC (the name which is being earned in more than 100 years by countless efforts).

My dear countrymen, please never go for LICHF for house loan. Prefer SBI - its the best.

Common Man

Company: LIC Housing Finance (cheaters)
Country: India
State: Haryana
City: Gurgaon

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