Inconsumercomplaints.com » Miscellaneous » Review / complaint: IDBI BANK - HOME LOAN - IDBI BANK LOST ORIGNAL PROPERTY PAPERS IN POSSESSION | News #297149

IDBI BANK - HOME LOAN
IDBI BANK LOST ORIGNAL PROPERTY PAPERS IN POSSESSION

Iam Captain Vikrant V Apandkar and i wish to bring

to your notice one of the major malpractice done by IDBI

bank regarding home loan with me.

1) I purchased a flat in Pune (Shivaji Hsg Scty) in

2003 for which i availed loan of 13 lacs from IDBI

bank. They sancioned my loan amount after going

through the required procedure.

2) One of the bank`s correspondant handling my case

informed me that loan amt is sanctioned but we

should not pay builder anything as building plan is not sanctioned and no amount was released.

3) After few months same person Ms Aarti Thatte

informed us that building plan is approved and we

can release the amount as lot of work is done and we

can release full amount so that i dont have to pay pre EMI

and the amt was released accordingly.

4) I started paying my EMI`s regularly, after some

months we were informed that bank is unable to trace our original title deed papers and they asked us

do we have a copy of it. We informed them that the original is with them as per the loan agreement rules but

we can arrange a duplicate copy from registrar office so

that they can locate our documents.

5) Now in between this we came to know that our

building plan is not sanctioned till date so we

asked the bank how they have released the amount but

they dont have any answer and they say its my duty to check

this, then i showwed them the loan agreement

clause that they are charging me 1 % processing fee so that there lawyer can check the legalty of all documents.

Now they have lost my original documents and are not replying to me.

Similar case had occured in Delhi and it was a multinational bank and the person was duely compensated.


Company: IDBI BANK - HOME LOAN

Country: India

Category: Miscellaneous

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