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LIC HOME LOAN Unauthorized charges..

04-07-2013, 07:32 PM (This post was last modified: 04-07-2013 07:33 PM by youandiam.)
Post: #1
Sad LIC HOME LOAN Unauthorized charges..
I applied for a Loan for 10 Lacs LIC HOME LOAN. As soon as they asked i immediately submitted all the documents and waited tolerantly for it to be approved, which they said would take 8-10 days max. But, every now and then, they came back asking me for extra docs, which I had already submitted. The LIC Home Loan Agent ripped me off by taking some money for handling charges. I was told I would be charged somewhere around 1% of the loan amount as processing charges. But to my surprise, I have been charged more than 2%. I tried to contact the LIC Home Loan branch, but all the phone lines just goes ringing and are never answered. Finally when I spoke to them, I was told that it was their mistake, but they didn’t know how to reverse the transaction or the amount. At last, I received the Sanction Letter and the EMI mentioned in it is different from the amount that I signed for on ECS form. I have given up now and have lost all my tolerance by dealing with them. LIC HOME LOAN WORST Experience. Huh


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08-07-2013, 06:50 PM
Post: #2
RE: LIC HOME LOAN Unauthorized charges..
really worst experience with LIC HOME LONE. They are not providing the service to customer....
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10-07-2013, 04:04 PM
Post: #3
RE: LIC HOME LOAN Unauthorized charges..
Hi people , really same thing happen with me also when i went to LIC HOME LONE ....
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11-07-2013, 07:36 PM (This post was last modified: 11-07-2013 07:36 PM by kunalg.)
Post: #4
RE: LIC HOME LOAN Unauthorized charges..
(04-07-2013 07:32 PM)youandiam Wrote:  I applied for a Loan for 10 Lacs LIC HOME LOAN. As soon as they asked i immediately submitted all the documents and waited tolerantly for it to be approved, which they said would take 8-10 days max. But, every now and then, they came back asking me for extra docs, which I had already submitted. The LIC Home Loan Agent ripped me off by taking some money for handling charges. I was told I would be charged somewhere around 1% of the loan amount as processing charges. But to my surprise, I have been charged more than 2%. I tried to contact the LIC Home Loan branch, but all the phone lines just goes ringing and are never answered. Finally when I spoke to them, I was told that it was their mistake, but they didn’t know how to reverse the transaction or the amount. At last, I received the Sanction Letter and the EMI mentioned in it is different from the amount that I signed for on ECS form. I have given up now and have lost all my tolerance by dealing with them. LIC HOME LOAN WORST Experience. Huh


Don't believe on LIC HOME LONE, Please make sure before Going to LIC HOME LON, because once you get cheat then you can't do anything...
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12-07-2013, 05:25 PM (This post was last modified: 12-07-2013 05:28 PM by dheerag.)
Post: #5
RE: LIC HOME LOAN Unauthorized charges..
(04-07-2013 07:32 PM)youandiam Wrote:  I applied for a Loan for 10 Lacs LIC HOME LOAN. As soon as they asked i immediately submitted all the documents and waited tolerantly for it to be approved, which they said would take 8-10 days max. But, every now and then, they came back asking me for extra docs, which I had already submitted. The LIC Home Loan Agent ripped me off by taking some money for handling charges. I was told I would be charged somewhere around 1% of the loan amount as processing charges. But to my surprise, I have been charged more than 2%. I tried to contact the LIC Home Loan branch, but all the phone lines just goes ringing and are never answered. Finally when I spoke to them, I was told that it was their mistake, but they didn’t know how to reverse the transaction or the amount. At last, I received the Sanction Letter and the EMI mentioned in it is different from the amount that I signed for on ECS form. I have given up now and have lost all my tolerance by dealing with them. LIC HOME LOAN WORST Experience. Huh


I have had worst experience in my life with LIC HOME LONE.....
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14-07-2013, 07:12 PM
Post: #6
RE: LIC HOME LOAN Unauthorized charges..
Dear Sir or Madam, I have had cheat by LIC HOME LONE .It is a fake and fraud company.......
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13-08-2014, 10:41 AM
Post: #7
RE: LIC HOME LOAN Unauthorized charges..
It's unfortunate that you faced unsatisfactory services from the most reputed insurance company in the country. I hope they must have bettered their services revised their policies. I can find the latest policy status site:
licpolicystatus.net
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13-08-2014, 10:38 PM
Post: #8
RE: LIC HOME LOAN Unauthorized charges..
(13-08-2014 10:41 AM)alan56789 Wrote:  It's unfortunate that you faced unsatisfactory services from the most reputed insurance company in the country. I hope they must have bettered their services revised their policies. I can find the latest policy status site:
licpolicystatus.net
why they are doing like this
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21-11-2016, 11:26 AM
Post: #9
RE: LIC HOME LOAN Unauthorized charges..
You can buy life insurance from LIC.
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23-11-2016, 11:28 AM
Post: #10
RE: LIC HOME LOAN Unauthorized charges..
You will be buying term insurance from PolicyX.
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