Axis Bank
Home Loans

Myself, Satish Kumar, approached Axis Bank, Chanda Nagar Branch, Hyderabad for Home loan of Rs. 30 Lakhs during 2nd week of Feb for the property to be purchased in Hyderabad. Mr. Baldiv Kumar (mobile no. 9347585638) of Home loans department explained me the details. Upon searching in internet, i found other bank’s home loans with a bit lesser rate of interest and less processing fee. I informed the same to Mr. Baldiv Kumar and he throwed some pea nuts saying that he will process the home loan for a lesser rate than other banker and also promised that he will waive the some part of processing fees and agreed to complete the processing of home loan in a span of one week

Then entered into scenario Mr. Srikanth (mobile no. 9642233001) assistant of Mr. Baldiv Kumar, asking for 'n' number of documents for their idiotic verifications. Finally i submitted all the documents along with a check of Rs.5515/- as processing fees. Mr. Srikanth has told me that 50% of the processing fees will be refunded if the loan was not taken. They took a weeks’ time and told that financial approval has come for Rs. 30 Lakhs and they are waiting for Technical approval. They took another 10 working days and finally told that technical approval has come for only Rs. 22 lakhs. And stranger thing is that the document value of the home will be considered as a constraint in technical assessment of value of the Flat, this idiot did not inform me earlier. Then I came to know …that this AXIS BANK Home Loan guys has intentionally cheated me. They are aware of the home loan amount going to be sanctioned and it is far less than my requirement of Rs. 30 Lakhs. They just wanted to process the loan for their COUNT and to grab Rs. 5515/- from customers. After that rejected the loan and asked for refund of 50% of the processing fee. But no response from AXIS BANK Home loan guys…

Readers….please don’t go to AXIS BANK for home loans and don’t rely on the idiotic promises of the AXIS BANK home loan guys. If some or the other way you are forced to go, please ensure to take all the information in written form…I mean…whatever nonsense they speak….ask them to send a mail and insist them to send the mail which ends with @axisbank.com.

Company: Axis Bank
Country: India
State: Andhra Pradesh
City: Hyderabad

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