LIC HOUSING FINANCE
Marketed wrong scheme

Hi,

When I approach LIC Housing Finance (LHF) for home loan after checking there ROI = 8.75%. When I clarified with LHF agent my queries like. what is there PLR and what the spread.

He told me LIC PLR =13.5 and spread = 4.75.

ROI = PLR-spread =8.75 %.

But when I recived sanction letter from LIC housing finance it had spread 2.75.

The 8.75 ROI was only for 3 months.

They took my Loan sanction fee = 6700/-.

There is no such condition written on LIC site or any of the documents.

I didn't expected renowned organization like LIC housing finance to cheat customer for the business.

I lost my money and had to run to other organization for loan which cause me frustration.

Company: LIC HOUSING FINANCE
Country: India

  <     >