Hi,
I have applied for a housing loan with LIC Housing in Jan and when I started the process they today me it will take 7 days to disperse the loan. I had requested for a loan of 20Lacs for construction where in the building is already 60% complete.
With in the first two week it self all the formalities were completed like inspection, documentation etc and the sanction letter was released. Following which I submitted my originals and the same were verified and accepted.
When the Original property documents were accepted they said in the next 2-3 days you should receive the cheque.
But now it is more than 3 weeks not sure what is happening with some stupid reasons they are not releasing the funds.
Another surprising thing is even if you want to do every thing on your own; you are forced to go through the agent; who has hardly any knowledge of the process. As such we don't get to talk to any one in LIC directly.
I am badly stuck here and not sure what do; so thought let me see on the web if I can get some email id where I can post my problem to LIC; and found this site.
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