The most trusted and popular consumer complaints website
Explore your opportunities! Create an account or Sign In

HDFC / loan disbursement delay

1 CHENNAI, India

My home loan a/c no: [protected]. I was sanctioned rs. 8, 55, 017 / - and flat construction was carried out by heritage ltd but delayed due to their financial problems beyond the agreement period.
Rs 674637 has been disbursed already.
We (govt employees in igcar, dae) went with pelican ltd as builder and the work is resumed now and going on smoothly.
Due to delay by previous builder, the interest paid to you along with rental loss causes huge financial burden on me and i’m unable to avail tax rebate without completion of flat and your delay in part payment might further aggravate the problem.

on may 5th I requested for part payment for brickwork and plastering of rs.91, 341 / - but you have not released it of already sanctioned amt and not replying what is the reason for indefinite delay.

The work claimed (brickwork and plastering) is completed and can be verified by proper site visit. i even sent photos to velacherry officials.

I do not understand why the delay without a single fault from my side. (i'm paying pre emi regularly even after 2 year delay approx by hpdc).

I request you to enhance my total loan amt to rs. 11, 50, 000 / - since cost of construction is escalated by rs.350 / sqft. I am a central govt employee and hope I fulfill all your requirements for enhancement of loan and if not please give me the valid reason for delaying the process. (documents reqd are attached)

The unprofessional attitude of hdfc makes huge financial loss and depression.

Hdfc team visited the site on 27th june and found satisfactory work progress but branch till now not paid the part payment.

Jul 2, 2015

Post your comment