Housing Finance Limited — Housing Loan?

Question

I had applied for home loan in pnb housing finance limited, in 29th Oct 2014 with chennai team anna salai branch. . They had taken cheque of Rs. 5681/- from me in respect of loan processing charges which was encashed by Housing Finanace. ..Officers were not giving proper response to my loan request for almost one year now and not repaying my money of Rs.5681/-

 

Answer 1

Dear Jaya

The processing fee collected by PNB Housing Ltd should have been towards expenses like obtaining Legal Opinion, Engineer's Valuation Report etc.  Hence, generally the processing fee is not returned by any financial institution, even if the loan is not sanctioned, as they actually spend it.

However, you may email your grievance to the senior management of PNB HFL to reconsider and refund.

RAJA