Hi Friends,
It was a doom's day when I took home loan from PNB HFL and I want to share my experience so that no other person should ever get fooled and go to this organisation for loan.
It is much more better to take loan from ICICI and HDFC rather than searching for different options and landing up here.
First of all PNB HFL is no where related to PNB Bank. It is a private NBFC limited which is paying some kind of royalty to PNB for using its name.
They have higher rate of interest and it is not governed by RBI. They will reduce ROI at their discretion.
They will remove extra charges like car parking, club membership, PLC, EEFC ... and virtually give you less than 70% of loan
At the ad hoc basis they will create pro-rata system and will ask you to pay builder as per this pro-rata. This pro-rata basis they never discuss with the client and it will come as surprise when a new demand comes up.
They have an nexus with some insurance agents in Noida. Specially Ashish Sharma and Abhilasha Sahu (ICICI Lombard) who miss-guide customers by telling lie about policy details. Abhilasha Has even mentioned that there is a special tie with PNB HFL and ICICI Lombard and they are offering special schemes under this. These policies are not listed on website as it is a special tie up.
Guys this is worst part of it, as they will garland you with such a policy that you thought you are taking home loan and end up taking very heavy insurance policy and a home loan at very high rate of interest.
Abhilasha has deceived me by telling lie that policy cover of individual is of 20 years and provided me a policy for only 5 years. She ensured that original policy is not delivered to me. On persistent request, I received policy after one year of taking and I am shocked to see how much they have lied.
- Story does not stop here. These guys will charge you every single transactions that you want to do like, getting an statement of account (Rs 550), getting an interest certificate (Rs 550), getting an list of documents (Rs 550), foreclosure statement (Rs 550) and list goes on
If someone has enough money and personal time to waste then only think of ever going to PNB or PNBHFL
I dare to provide my mobile number as 98102-98308, so if someone wants to seek clarification please call me.
Regards
Mahendra
