LIC Housing Finance - LICHFL collecting incorrect EMI for my House Loan.
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Complaint by: @amit on September 6, 2011, 10:55 am in Loans All

Dear LIC HFL Executive,

LICFHL has sanctioned my House Loan (File No: 63586 Account No: ********, Sanctioned Loan Amount: 3,550,000) in August 2010. Interest Rate for first 3 year had been agreed at 8.9%.

Though disbursement to builder was done in phases, I chose to pay EMI on sanctioned amount. Applying the interest rate mentioned above, EMI should be 31712/- for first 3 years but LICHFL has been taking 32021/- from my account. You can refer to the attachment herewith for this calculation from your website.

My current EMI is incorrect and must be corrected asap along with extra payments to be adjusted.

I have inquired and complained about it with my agent several times but they seem to have no clue why it is happening and unable to help or pass message to LICHFL.

Please help me in this regard.

Regards
Amit Singh (+********2384)

LIC Branch Address:
LIC Housing Finance Limited, 304, 305, 3rd Floor, Matrivanam, HUDA Complex, Ameerpet, HYDERABAD - 500038.

Complainant's Goal: My EMI must be corrected asap along with extra payments to be adjusted.
Complainant's Target: LIC Housing Finance
Complaint Location: IndiaAndhra PradeshHyderabad
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Tue, 06 Sep 2011  Message from iComplaints.in Helpdesk

An email communication has been sent to LIC Housing Finance on September 6, 2011, 10:55 am