Nationnal Housing Bank (NHB) has imposed penalty of Rs 5000 plus 18% GST amounting of Rs 900 on LIC Housing Finance as the company has failed to provide the loan documents to the customer after the loan closure and not updating the customer about the same since September 20, 2019.
LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.
