Suhasini Sriramulu
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Availing housing loan
Q: While availing housing loan----If there is a delay in loan payment release from the financing company like LIC or SBI etc.. can the builders charge a penalty or interest to the customer for the delay caused by the company? In my case the amount is released by LIC directly to the builders. But there is a delay.. now the builder is pressurising me to pay the interest for the delay..builder is Puravankara for the Windermere project Chennai..

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Thank you very much for your response.. This is a grey area.. so I lack clarity - SuhasiniThank you very much for your response.. This is a grey area.. so I lack clarity - Suhasini
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