POSTED BY January 19, 2013 4:21 pm COMMENTS (3)ON
I am new to Jago Investor, ihad a query if any of you canhelp me understand it i’ll be really thankful to him.
Actually i took a housing loan from LICHFL of 16 Lakhs INR for 20 years to purchase a constructed house, and i have few questions regarding same:
1).the agent who has processed my loan intially handed me over a LIC policy Jeevan Mitra triple endowment saying that it is compulsory and i have to take it that too only from LIC but later after going through Jago Investor i found that it is not at all compulsory we can take a life cover from any outer policy provider as well, so within 15 days lookup period i asked this agent to surrender this policy and i raised a complaint as well in LIC website for the same policy but still the requestisnot settled andi got a mail from branch manager mentioning that ti is a good plan and good to continue so what should i do a similar policy ialready hold from DLF PrAmrica called Assured Money+ which has high risk cover then this one.
2).A few days later agent is saying that i have to do property mortgage in registrar office for this home, so i want to know if my property documents are already with LICHFL and according to my understanding loan was given to individual based on estimating the property value and lending the loan which is nothing but mortgage.So do i still need to gothrough this procedure.
Please help me out.