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Cheated by loan company higher interest now harassing to pay it


25-Jun-2023 (In Banking / Finance Law)
 I have taken personal loan from bajaj at ROI 13.25 and giving the confirmation for same but they cheat me and sanctioned my loan with ROI 15.25 and deducted my emi 4257 instead of 4057 for that I paying regular EMI 4257 and file complain to grievance and almost 12 month is over no action taken by her side in this month I missed my emi due to some financial issue and right now her collection person pressure me pay your emi after that I say that my emi is 4057 I will pay this EMI as due and what is u deducted extra adjust for this time but deny u have to pay what is emi then I ask can him to show doc in which I sing or confirmation email for ROI 15.25 but they deny not showing since last 20 day and continues harnesses me and told u have to full pay emi otherwise I can do u don't think for this today they call me office by saying we resolve the issue when I reached his indore office they covered by 5 person and give the harnmess word u have to pay otherwise u suggest what I can do?
Answers (1)

Answer #1
870 votes
Dear,

You must have second copy of sanction letter in which it is clearly mentioned that what will be the rate of interest and what will be the EMI amount. Better course is to issue legal notice to the Bajaj explaining the facts failing which you will be going to lodged a complaint before Consumer Forum under the Consumer Protection Act 1986, for deficiency in service and unfair trade practice you will get relief. Please deposit the installment regularly as far as possible for you. If the agent of the Bajaj unnecessary pressurize for payment of EMI tell him to initiate action for recovery in accordance with law failing which you are going to lodge a Police Complaint will solve your problem.


Thanking you.

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