I recently closed my home loan with LICHFL on 22-April. They told me I can collect my original property documents on 28-May.
I asked them about the RBI rule that documents should be returned within 30 days after foreclosure. But the staff member said its 30 working days and when holidays are included the date they gave is correct.
This didn’t sound right to me. From what I’ve read online, it should be 30 calendar days, not “working days” or adjusted for holidays.
My new bank might charge me a 0.1% penalty on the home loan amount, if I do not submit property documents with in 30 days.
Has anyone else faced something similar with LICHFL or any other lender? Did you get your documents on time?
Also, what can I do to make sure I get my documents sooner?