Inconsumercomplaints.com » Miscellaneous » Review / complaint: Home Loan - Procrastination and harrassment | News #265544

Home Loan
Procrastination and harrassment

I own a flat in Kolkata and wanted to purchase a new one very close to my current flat. The building is under construction and is 80% complete as on April 30. I first approached HDFC bank in end of February, whereby I submitted bank statements, xerox copies of my investments and securities, filled up the form, and was told that I was eligible for a loan of 6, 00, 000 which was what I wanted in the first place. I was told to submitted further documentation including few original documents which was done prompty. The total property cost is 10 lac, so the remaining 4 lac was paid to the builder on getting the green signal from the bank. The orginal receipt of payment to the builder along with proof regarding the source of money were also provided. All property related documents were submitted after which we recieved the first official letter from the bank stating "To the builder, Congratulations, we will be pleased to note that Mr. Sankha Mukherjee has applied for home loan from HDFC, and please submit all the property related documents for final disbursment of the loan". This was recieved in March 18 (I have the letter with me as a proof). I was also given a disbursment plan with disbursment date mentioned as March 31 (I have the document as proof). They have taken away my original sale agreement, and receipt of payment to the builder. I have been to the bank on at least 24-25 occasions personally apart from making uncontable number of phone calls. Today is April 30 and I have not received the loan amount and was told that on site inspection by the bank will be conducted and after that payment will be disbursed. Builder is now giving us ultimatum. I have decided to drag the bank to the court of law with the evidence as stated above available with me


Company: Home Loan

Country: India

Category: Miscellaneous

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