Grievance Redressal Policy

Serving customer needs satisfactorily is a top corporate priority for APAC Housing Finance Private Limited (“APACHF” or the “Company”). An important component of this priority is designing an efficient mechanism to address customer queries and issues. With this objective, APACHF has developed this Grievance Redressal Policy (“Policy”) to develop such a mechanism for the Company’s customers. The key guiding principles of the Company’s Policy are:

  • Customers should be treated fairly at all times.
  • Complaints should be dealt with efficiently and within a reasonable time frame.
  • Complaints raised by customers should be dealt with courteously and with the utmost respect.
  • APACHF’s employees should always work in good faith and without prejudice to the interests of the Company’s customers.

This Policy is based on the premise that every customer has the right to register a complaint if he or she is not satisfied with the services provided by the Company or any other agencies associated with the Company. Customers can give their complaint in writing or via e-mail. The Company will review and address the grievance in accordance with this Policy and in case the customer is not satisfied with the proposed action, the customer may use other avenues for grievance redressal.

This Policy applies to all customers of the Company. Furthermore, the Policy will also extend to cover employees and other stakeholders of APACHF.

APACHF has developed a multi-step escalation process for customers to raise queries and/or to register their complaints in an efficient manner:

Step 1: Branch Level Review

A customer should either make a written complaint addressed to the relevant Branch Manager (contact details for the Company’s branches are on the Company’s website), call the Company at 022 – 67499759, or email the Company at contact us at complaint.apachf@apacfin.com

  • Account number
  • Brief summary of complaint
  • Complete contact address/phone number of the complainant.

The Branch will strive to provide an initial response to the customer’s complaint within 7 days of the complaint being lodged.

Step 2: Grievance Redressal Officer Review

In case the customer is not satisfied with the response received at Step 1, i.e. the Branch, he/she can escalate the complaint to APACHF’s Grievance Redressal Officer, whom the Company has appointed for the implementation of customer service and complaint handling. The Grievance Redressal Officer’s complete contact details are given on the following page:

Mr. Arun Dhareshwar
APAC Housing Finance Pvt. Ltd
1st Floor, Ashford Center, Opposite Peninsula Corporate Park – Main Gate, Lower Parel West, Mumbai -400 013.
Email id : gro.apachf@apacfin.com
Landline No : 022 – 67499759

The Grievance Redressal Officer can be contacted during office hours (9:30 a.m. to 5:30 p.m.) on any of the working days of the Company.

Once the complaint is escalated, the complaint will receive a response within 7 working days of it reaching the Grievance Redressal Officer.

Step 3: Chief Executive Officer Review

In case the customer is still not satisfied with the response or has not received a response from the Company within 15 days from the date of his/her initial complaint, he/she may contact the Company’s Chief Executive Officer at the email id ceo.apachf@apacfin.com or phone number 022 – 67499759.

The Company will ensure the following is in place at all of its physical locations

  • Appropriate communication mechanism for receiving complaints and suggestions.
  • Display of the name, address and contact number of the Grievance Redressal Officer. This shall also be available on the Company’s website.

To register complaints, customers should follow the steps mentioned above. Once the complaint has been received in writing, the company will send an initial response within 7 days. After the matter is reviewed a final response will be sent to the customer within 15 days of receipt of the initial query. If more information is required by the Company to resolve the complaint, the Company will appropriately inform the complainant. Once the additional information is received, the final response will be issued within 7 days of such receipt.

If the complainant is not happy with the resolution of the complaint, the complainant can escalate the matter to the Grievance Redressal Officer at the coordinates given in section 3 above. The Grievance Redressal Officer will seek to respond to the complaint within 7 days of the complaint being escalated to him/her.

The company, through various questionnaires/meetings/surveys, obtains customer feedback/suggestions for improvement in customer service. All suggestions given by the customers are duly examined and those that the Company finds acceptable are implemented.

All the staff of the Company shall be adequately educated on our Grievance Redressal Policy.

In case the complainant does not receive a response from the Company within reasonable time or if a customer is dissatisfied with the response received at all levels, the complainant may approach the National Housing Bank at the following address:

National Housing Bank,
Department of Regulation and Supervision,
(Complaint Redressal Cell),
4th Floor, Core-5A, India Habitat Centre,
Lodhi Road,
New Delhi-110 003

The Complaint can also be e-mailed to crcell@nhb.org.in with a copy to APAC’s Chief Executive Officer at
ceo.apachf@apacfin.com.

The Board of the Company have power to effect any changes, amendments or modifications, if any, in the Grievance Redressal Policy.