LawRato

I am complaining about personal loan.


03-Oct-2023 (In Banking / Finance Law)
I have applied a personal loan from India loan finance company (non banking finance company ) for Rs. 2,00,000/- the company has Charged Rs.2,000 on 9/9/19as processing fees afterward on 11/09/19Rs. 11,200/-,on12/09/19 10,000/-&Rs.11,000,27/09/19 Rs.7,000/-,3,000/-5,000/- & 28/09/19Rs.15,000/-total Rs 71,700/- has paid vide NEFT to their3 accounts in their various hidden charges. Now they wants another Rs.20,000/-.Sir, I have requested in various times to cancel my loan application, they threatening me not to discontinue my calls as well as my loan application. Lately they told me that if I had to cancel it Rs. 12,000/-will have to be paid. Sir I need your help to cancel my loan application and to refund my paid up dues of Rs. 71,700/- at an early dates.
Answers (3)

Answer #1
678 votes
Dear sir,
please send legal notice the lender to this effect that you do not want to avail this loan facility and want to close it at the earliest. If you have availed the loan facility and ammount of loan has been already disburse then the lender would not cancel the loan but can close it after settling of dues.
Helpful? LawRato LawRato
Answer #2
815 votes
sir first of all you must have to share the name of nbfc to which one can understand under what provision they are charging so much amount as concern to the cancellation of loan you can apply at any point before final approval of loan
Helpful? LawRato LawRato
Answer #3
590 votes
This seems to be a case of extortion money laundering. Please visit the office with all the documents. No company can have such an arbitrary practice. This needs to be reported to the police as well as the respective government department
Helpful? LawRato LawRato

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."