Hello everyone, I currently have an ongoing gold loan with HDFC for an amount of 30 lakh rupees, for which I am paying interest EMI every month. I have received a message from HDFC that the loan will be maturing by March 2026 and they want me to settle the principal amount. I have been paying interest every month for the loan without issues, however currently I am unable to raise such a huge amount in a short span of time & will require about 1 year to arrange the funds. What are my available options??

1️⃣ ₹1L+ deducted as “property insurance” without consent • Loan was for an empty plot • No construction ever started • I explicitly declined insurance • No proposal / consent / policy at time of deduction • Policy shared recently after several follow ups insures the wrong property. • GRO emails unanswered; refund promised once, never processed. Every new email is auto-generated with a ticket id which is never followed up. This is never ending loop. • On each and every verbal follow ups, they claim property insurance is mandatory as per RBI regulations which is utter lie. 2️⃣ Interest rates revision only after chasing (several time in last \~10 years). Latest follow up ongoing since 1.5 months without any results wherein: • Still paying \\\~9% on two SBI loans of \\\~₹2.5 Cr. 1% high= ₹2.5L/year loss. This is a significant financial impact in long run on high value loan. Unless I wake up which is always too late I keep bearing these losses. Another pain is to get them revised to market rates which eats up several hours in follow-ups. • While HDFC Bank loan taken in 2022 is at 7.25% auto-revised on every rbi announcement. (not advertising, just experience) Being an NRI, escalation is extremely difficult. 👉 Has anyone else faced forced insurance or rate revision delays with State Bank of India? I can bet that 80% of Home-loans via SBI has hidden property insurance (at least my all loans had similar issues) by their sister organization Sbi General Insurance. Check yours. Thinking of Shifting homeloan to other bank but it takes lots of documentation and doesn’t guarantee refund of illegal insurance. Just tell me 👍 All claims supported by documents.