Dear Friends,
I am writing here just to make all my dear friends aware of the ground reality of LIC Housing Finance Ltd. I applied for the loan (the worst decision ever taken by me) in LIC HFL through an agent Sunil Sharma 9811969172 (Asaf Ali Road Area Office) after seeing his number on SRS Residency website. Initially he responded promptly and got collected my documents immediately along with the sanction fees cheques. The Agent commited me of 85% of loan on property value and accrodingly i purchased property in faridabad and made advance payment to the seller.
I got the sanction after 20 days and they asked for the 1% sanction fee of sanction amount which is highest in the market. According to them the sanction fee calculation came to 27000 S. Tax. I bargained with them and escaped with 11000 S tax.
Now, after regular follow ups and personal visits to their asaf ali road office, i wasn't seeing any hope of disbursement and I was under pressure to pay the balance amount to the seller.
Sunil Sharma started ignoring my calls. Then I had to go to their office and they used to asked me to sit in their office for long hours giving me some hopes that the disbursement is in process. After 40 - 45 days, when i asked them to either give me loan amount cheques or my documents back. They told me that the loan will be disbursed @ 75 % of the property agreement value. I was shocked at that point of time as I was under tremendous pressure from seller for balance payment.
Finally i agreed on 75% and asked them to get the loan disbursed. They called me in their office continuously for 3 days, made me sit in their office whole day and assured me that cheque will be ready in couple of days.
After couple of days, Sunil Sharma's team member called me up and informed me that my loan can not be disbursed and you can get your documents back. The behaviour of these LIC guys are so rude that, anyone will feel that they have come here as beggers and begging for the loan. The Area Manager Rekha Rani herself is so rude that, I never seen that lady talking with customers patiently, she always use to shout on the customers as if she is giving the loan from her pocket as a beg or donation.
When I approached the LIC area manager for my original documents, they people called me thrice for handing over the documents. Luckily, i got my documents back and came to know the reason for non disbursement. Sunil Sharma (Agent) had tempered my original property documents (agreement to sell) and made forged signature of mine and the seller. Anyone can notice that the signatures are forged and documents are tempered.
Finally I applied in HDFC and got the sanction in just 10 days and disbursement in next 5 days. Only in 15 days, everything was done and that too hassle free just in one visit, comparing to LIC asked me 12 times to their asf ali road office, as if we were free people.
After 70 days of mental, physical and fiancial torture by these LIC people, now I am relieved by HDFC just in 15 days.
I am sharing my experience with all of you, so that you should not bear the same torture.
Stay away from LIC HFL and Stay Happy..!!!
Cheers...!!
Navneet
9899113909 / 9810433130
0 comments