I had taken a house loan from LIC Housing in 2005.
During the rising days of inflation, they have increased their interest rates to 11.75% and now, all the other banks have reduced their interest rates, however LIC Housing is still charging me 11.75% interest rates.
I am frustrated with them, I just want to repay the whole loan now, however, they are charging me a lot of early repayment penalty. I am stuck. Last but not least, the customer support. If you walk in their office, the people helping you doesn’t know anything. They just say, "we don’t know, you would need to talk to the manager.." and the manager is never available.
Never take any house loan from LIC Financing. ICICI, SBI are way better in providing these loans.