Location/place: Mumbai

Name of company/service: GE Money

Hi

I had loan from GE money Number-GBGL00002862. I have foreclosed my Home loan by paying remaining amount on 19/01/2012. Since then I have not received my property papers which are mortgage with GE Money against home loan.

I had called customer care for my Propriety documents and the feedback what i have received from them was that the GE Money has sold this portfolio to Magma Finance Limited and need to follow-up from them.

Now i have been doing follow-up with Magma since last week of Feb-2013

I had called Three times on 1800-103-3375 and every time they told me to call back after 10 days.
i had asked them to provide me mail confirmation that my property papers are with you . But till the date i have not received any such mail

I had again spoken to

GE Money Manager on 01243992656 and again i received routine reply that we will call back to you with confirmation. And any queries related to home loaa you will have to contact Magma Finance Limited

I don’t understand. I have taken loan from GE Money. My papers are Mortgage with GE Money. I have repaid my loan to GE Money then why should I follow-up with Magma Finance Limited?

GE money has to take Responsibility and has to act accordingly.
I am now taking this matter to consumer court. And marking copy for their reference.

Ranjeet Thakur
+91-9970179200


Comments

One response to “Property Papers”

  1. Durgesh Avatar
    Durgesh

    This is really shocking….. I had the same issue in the month of February, when I required my EMI Interest Certificate. IF the above is true for foreclosure then it is really bad and all the homeloan consumers of GE Money Home Loan wizard should come together and try to get this straightened. Else we will have the same issue at foreclosure.

    Regards,
    Durgesh
    Ph – 9985410504

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