Indiabulls Home Loan - Harassment in Home Loan - IndiaBulls
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Complaint by: sameer panda on January 29, 2011, 12:25 pm in Loans All

I applied for a Home Loan with Indiabulls on 3rd Jan 2011 thru online. Mr Arun Kumar from Rohini Branch contacted me and collected all papers from me. He gave me an assurance that the loan will take 5 days for approval and we have the largest FOR and he will try to get me a loan of around 38 lcas, my actual demand was for 40 lacs. Now it is almost one month and I had yet to rcv any approval from them. I tried reaching the Phone No of Rohini Branch and no one seems to pick up the phone there and even there credit manager who takes care of salaried people loans is not even bother to pick up his cell phone either. During the process I rcvd a call frm their sr credit manager stating that he will be only able to approve a loan of 28 lacs again a false commitment to the customers (initially was promised for around 38 lacs). Now I rcvd the demand letter from the builder 15 days back and going to pay a penalty @18% for not paying the demand on time. Now this is so rediculous. I trusted Indiabulls and not applied with any other bank. I would like to suggest to other customers that never put the papers to only a particular institution, try to submit the papers to multiple banks so that you have the option to select if anything goes wrong

Sameer

Complainant's Goal: I want the disbursement ASAP
Complainant's Target: Indiabulls Home Loan
Complaint Location: IndiaUttar PradeshGhaziabad
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Recent Comments
1.
Tue, 01 Mar 2011  narayanan

I support this complaint.