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breach of contract by SBI in auto loan.demanding higher EMI after 02yr
10-Jul-2023 (In Consumer Court Law)
can a bank after 02yrs of regular EMI payment suddenly demand higher EMI with outstanding dues and accrued interest stating the previous EMI as in the Letter of Arrangement was 'erroneously" fixed?what protection i have against such illegal demand of higher emi and outstanding demand.paid all emis regularly till date
36+
Adv. Dhruv Suri
Delhi | 100+ Answers
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Bank certainly cannot ask for greater EMI until and unless you have agreed for it and the remedy against the same lies with Banks Ombudsman at RBI office. You can file a complaint with Banks Ombudsman at RBI office.
31+
Adv. Ankur Aggarwal
Delhi | 100+ Answers
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