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Company demanding more money at the time of foreclosure
01-Feb-2023 (In Banking / Finance Law)
Sir I am taken loan from bajaj finance amt 54000 only at 25.49% interest per annum. Monthly EMI is 2648/- .I am paying EMI on regular time. But now after paying 9 month installment if I want to foreclosure my personal loan account then BAJAJ Finance company demanding 50850 rupees. As per my knowledge EMI = principle amt + Interest. Please help me
Yes, you are absolutely right. You will have to seek the legal breakup and after examining the break up we can advice you further
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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