LICHFL
Excess ROI on Housing Loan

(1) Based on my loan agreement of Approved Floating Rate the ROI should be 10.25% or less (LHPLR – 275bps i.e 13.00 – 2.75= 10.25%) for my READY BUILT HOUSE.

(2) After giving PRESS RELEASE published widely that ROI for existing Borrowers will decrease by 75 points from 1st April, LICHFL is trying to mislead the public by not bringing Interest rates of existing borrowers.

(3) I am provided with Lip service (totally false) when contacted with email/ phone by LIC Dehradun & LIC Haridwar Agent.

(4) For Information I am Manager in BHEL (Public Sector) and paying EMI thru salary, living in the same house for which loan is taken.

DETAILS are as follows:-

Name: Rajnish Gupta, Dr. Vandana Gupta

Loam Amt: Rs. 20 lac (Griha Prakash) Term: 15 years (for ready built house)

Loan No.- 33004707 (Approval File 405727, 04/04)

Floating Rate (Approved): (LHPLR minus 275bps)

Starting Special Concessional ROI - 7.5% (or at time of disbursement)

Present ROI: 10.75 (updated on 09/ 04)

In the name of floating loan, the compant is taking customers for a ride. Please look.

Company: LICHFL
Country: India

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