I did the biggest mistake of taking a home loan from LIC HFL for my first home. They trap you with a 2 year fixed rate of interest scheme followed by floating rate of interest.
Since the home loan rates have fallen down, I wanted to transfer my loan to another bank, since LIC was refusing to decrease the interest rate. Then this guy Vinod, who sold me the plan, tells me that I have to pay 2% penalty if I want to transfer the outstanding to another bank. That amounts to literally 60, 000/- . He did not tell me the same when I was buying the plan. So now I am stuck with this horrible company for 2 years.
Their staff does not even know how to speak basic english, forcing you to speak in Hindi, which leads to miscommunication.