Regarding refund on Processing fees of Mortgage loan

I had applied for a mortgage loan 2 months ago. Whichever documents I asked, I showed to bank executives. After 1 week loan got sanctioned and I got a message as well as confirmation. It was ready to disburse. Now they asked me for Society NOC for disbursement. And society refused to give as I am not a shareholder. Now processing fees has been deducted already and loan is not disbursed to me. Bank executives doesn't check documents until final disbursement? Why don't they give proper list of documents before applying for the loan? It has been more than 2 months and my Processing fees amount is not refunded. Bank executive keep telling me 10 days 20 days every time. What should I do?
Loan is not disbursed but processing fees has been deducted. more  

View all 19 comments Below 19 comments
File complaint with Consumer Forum and Banking Ombudsman immediately. more  
You can approach the Banking Ombudsman, whose address in displayed in any branch of the Bank. more  
The Agents collect the processing fee while getting the loan application signed by the
applicant knowing fully well that the loan may or may not be sanctioned. The Agent
tries to get this free in cash. This way they cheat many people. The number of such
cases will be in millions in India and there is need to fix the responsibility of the
bankers/financial institutions by dragging them to Consumer Court. more  
File immediate complaint with Ombudsman more  
This is the case with one consumer, whomwas sanctiones edl loan for his daughter in 2011, based on the income certificate issued by his employer. But Suddenly, in 2016, he was asked to get an income certificate, from the REVENUE Authorities, which he ofcourse, did. But un fortunately, he was paid interest subsidy, from 2016, when the revenue certificate was issued. Wsas the bank blind when sanctioning the loan? Poor man, he has lost a heavy sum, because of the inept attitude of the Officials more  
Post a Comment

Related Posts

    • IFB - Poor After Sales Service

      I have an IFB washing machine. I had paid for and taken extended warranty. Since last over one week it is not working. I made a complaint. For two days, no one attended the complaint. On ...

      By Praveen Kapur
      /
    • Apple phones are best leased for 2 years

      I must say cost of owning an apple phone is 3000 rupees a month or 100 rupees a day. The product is a fine product when its new and after 2 years they generally become pieces of junk.

      By Amit Mishra
      /
    • Improving functioning of eCommerce Cashback Programs

      Below are some of the key solutions proposed by you to issues regarding eCommerce cashback programs. Kindly review the same and if you have any additional solutions, please share. We look...

      By Dept. of Consumer Affairs (Government of India)
      /
    • Solutions to improve workings of Online Travel Sites

      Below are some of the key issues outlined by you in regards to travel web sites in India. Kindly review them and share specific solutions that must be implemented to fix these issues. We look forw...

      By Dept. of Consumer Affairs (Government of India)
      /
    • Issues with DTH Service providers: Inputs Sought

      We have seen a large number of posts and comments on issues faced by people with DTH service providers. With this post, we would like to seek your inputs on the various issues you have ...

      By Dept. of Consumer Affairs (Government of India)
      /
    • Online or ePharmacies - Inputs on Solutions

      Below are some of the key issues being reported on online or e-pharmacies and apps. With this post, we would like to seek your specific inputs on solutions that will help address these issues .

      By Dept. of Consumer Affairs (Government of India)
      /
    • eCommerce Guidelines: Inputs Sought

      Thousands of posts and comments have been received on ecommerce in our circles in the past few months. We are pleased to share with you that basis the inputs given to us in several posts and discu...

      By Dept. Of Consumer Affairs (Government of India)
      /
    • ecommerce guidelines and apps - feedback

      Detailing issues faced in each of the listed categories: 1) App Taxis - UBER - I had created an account on the app with my mobile number as soon as the service was launched, but did not use Ub...

      By Tvs Sekhar
      /
    • Unsatisfied Brother Product, Refund Promised but not processed

      I purchased a Brother printer T710W on Feb 2019, after using it for a month I came to know that there is a colour mismatch problem where certain colours were not the same, for instance, black colou...

      By Adeesh Jain
      /
    • Tata service and parts quality

      My reason due of unsatisfaction 1. Over and again the problems are persisting like steering column noise which is persistent from.the 4.th month after purchase 2. The purpose of.buy...

      By Anonymous Circle member
      /
    • Complain about extra billing and rude behaviour by employee

      We were at a restaurent sam's pizza in raipur. We order 5 unlimited offer worth rs 270 each . We were supposed to get a bill of approx rs1500. But the bill we get was shocking as it was indicating ...

      By Anonymous Circle member
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)