| Address: Bengaluru, Karnataka |
Being a well reputed bank across the country, i thought to go ahead for home loan with corp. Bank which is now merged and renamed to union bank.
Back in 2017 hen i applied the housing loan it got sanctioned as desired and it was agreed that the loan amount will be disbursed based on the stage wise. But when i personally looked into this there was almost 70% of my loan amount already transferred to builder without any approval from my end. Also, i am surprised to that the construction did not even happen.
Physically my flat was not even started and it is almost 3yrs the there is no construction and money has been deposited to builder account. When we further investigated, there was total scam of around 25crores and the md of the company is absconding.
No police is having dare to take the complaint and they are not even attempting to help us. We filed a case in rera on the builder as well as in rbi on the bank.
Now bank is asking me to pay emi and my cibil score is drastically down. Can someone help or advise to sort this out? Was this information helpful? | 
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