Aug 11, 2010 09:53 AM
8062 Views
LIC housing finance is truly sarkari company. If you have decided to take loan, be prepared that you will be harassed every time you deal with them.
Yes, I have suffered through hands of Faridabad branch- Branch Manager Ashutosh Sood, and Sales Executive Vineet Kholi.
Here you don’t get any service.
1) LIC HFL claims that they disburse cheque against demand letter in 4-5 days,
Fact is**: It takes 20-21 days, and worse no one cares to answers when the cheque would be ready.
So dear buyers be ready to pay penal charges for late payment of Installments.
2) They will deposit cheques with builder each time demand is raised. You don’t have to go to builder office.
Fact is**: To get new account sales executives give false promise. At time of deposit they would get hundreds of excuses and ultimately you yourself have to go and deposit cheque at builder’s office.
3) LIC Housing finance is truly a sarkari company, where no one responds to the phone, no one replies to your query. You get harassed every time you deal with some one in their office.
4) Customer Service is zero
5) The only reason I took loan from them was that they don’t increase home loan rate the way private banks do. Because I have heard Private banks increase ROI every time there is increase in ROI but they don’t decrease ROI easily as compared to LIC. But now I am stuck with this bank and there efficient people. Now if I close my account and move to another bank I would have to pay 2% closure charges.
God please save me.
