Housing Development Finance Corporation

Fraud by HDFC Limited, when obtained loan to purchase commercial property

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• published: 18 Oct 2016
• views: 497

Fraud by HDFC Limited, when obtained loan to purchase commercial property. This is about the consumer complaint against HDFC Limited. HDFC Limited forced to purchase General Insurance Policy after I have applied for Loan to purchase commercial property and paid the processing fees between 25k to 30k. So, you can also call it forced selling, unethical selling or illegal selling. To begin with, I have asked for the loan to the HDFC Bank to purchase commercial property. They said all the documents are ok and I need to pay processing fees. So, I paid the processing fees. Then, I realize I need some extra amount as loan, and I paid another installment of processing fees. Then everything goes well and I had given property documents as well. Then, the case of illegal and unethical arise. They said, I also needs to purchase general insurance policy to cover the damage for the said property. I have no option, since I have already paid the processing fees. I have allready given commintment to property seller, so I was in no position changing the loan company, ask for processing fees refund or take HDFC to consumer court. I would requer everyone to share this video as much as possible to expose the fraud.