I had applied for a Home Loan last year through Shareef Agent of LICHFL, Hosur for a big project in Hosur. It was committed to us that we will get the loan at a lower rate of interest if we complete the formalities before 31st December 2010, as the rates are going up from 1st January 2011. Finally we did that as per the date given. All of a sudden after successful sanctioning of the loan, just before the disbursement, when I enquired about my loan disbursement date in LICHFL office, Hosur, they mentioned that your loan cannot be disbursed as, the project does not have the complete documents. I was surprised to know this from the manager. Then I enquired, how this has happened, and got the news that LICHFL has stopped financing this project after 15th November.

I was cheated by LICHFL & the agent SHAREEF, who knew well in advance that the loan will not be disbursed. Then also they had processed my loan and cheated by taking the processing fee.

These people had taken a good sum of amount (15000/- including cheque & cash) as processing fee, and after knowing the fact of non-disbursement of my loan amount, when I asked my refund of my processing fee, then they said, Rs.5000/- will not be refunded from the total amount.

LICHFL & SHAREEF are real cheaters and fraud, I need my total refund of processing fee. Also these people should be punished for the fraud and government should cancel their license to work as an agent for any bank.