LIC HFL/HOUSING LOAN
WRONG & INCOMPLETE INFORMATION

Dear Sir,

I have taken housing loan from LICHFL Patna Area office in July as per following details:

Loan Amount: Rs: 8.0 Lacs.

Payment terms: 20 years.

Interest rate:10.5% floating.

EMI:7984.00

Post dated ch. up to July-09 deposited by me to LICHFL.

Interest rate was revised by LICHF in Oct-08 and accordingly intimation letter was sent to me for revised EMI from Rs:7984.0 to 8289.0 per month. Present interest rate is 9.5% but LICHFL insisting for EMI of Rs:8289.0 per month. But LICHFL has not revised my EMI as per revised rate of interest i.e.9.5%. Further, LICHFL has charged levy @2% on principal repayment made by me after locking period of six month. This was not stated by LICHFL at the time of sanctioning loan to me.

I feel LICHFL officials of Patna Area office has cheaed me by providing wrong and incomplete information.

Kindly take up my matter suitably with LICHFL.

.