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Can a bank ask for recovery charges after the loan has been paid off


23-Apr-2023 (In Banking / Finance Law)
Respected sir we have taken a bank loan from SBI for the purpose of business nearly 20 lacs we clear the loan amount but the bank staff now asking recovery charges 10% we should not have amount to pay please give us a good solution for us yours obediently 
Answers (1)

Answer #1
947 votes
Hi,
Are you received the full and final settlement letter from the bank after complete the final payment.
Please send me your Loan Account number, loan statement, clearance letter through email or call me.
Please mention all the details.
Thanks for your query. Have a nice day.

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