LIC HOUSING sanctioned a home loan file no. 23539 of Rs. 1250000/- to me on 12/01 and disbursed the first installmet of loan of Rs. 394100/- in March. While sactioneing the loan they look ECS instead of PDC cheque. From April pre EMI of Rs. 2873/- started and from August pre EMI of Rs. 3284/- started. At the time of sanctioning of loan it was communicated to me that pre EMI will be charged upto 12 months and thereafter EMI will be started on the disburse amount. But i was shocked to see my bank account because amount of rs. 14538/- was withdrwan by LIC Housing on account of the said home loan. When asked from the concern officials i was told that EMI on the sanctioned loan has been started. It is astonishing that EMI has been started on the amount which has not been disbursed to me.
On the application form of loan i have given my address, phone no., mobile no. and email id but LIC Housing has not informed about the changes of ECS amount and charged the amount without my knowledge. It is there responsibilities to intimate about any change of ROI or change of ECS.
How the institution like LIC Housing can withdraw the amount against the loan which has not been disburse to the borrower.
It all shows the negligency and bad intention of LIC Housing and we feel cheated by LIC Housing and in this regard i have written to there Registered & Corporate Office and Area Office but till now no reply has been send to me. Now i am sending the complain to RBI as well as Finance Ministry. I will protest this upto any level because it is a serious matter of financial irregularity and financial cheating by LIC Housing.
I am writing on this platform just to aware other borrowers to take care of there money from LIC Housing. LIC Housing will not hesitate to snach money from borrowere without informing them.
Hope after writing on this platform any solution we will get at the earliest.
Thanks & regards
Sarika Agarwal & Sharad Agarwal