92+ Lawyers are online 
insurance policy added to consumer loan without permission.
29-Aug-2023 (In Banking / Finance Law)
i have teken consumer loan and repaid also but they given insurance policy without my permission and added amount in loan account please advice for this
There is sometime the insurance policies linked with the loan product, but generally they cannot charge in addition amount towards the same. But will need to read the loan agreement and other documents that you must have signed at the time of obtaining loan.
Helpful?
24+
24+
Adv. Bankim Mehta
Mumbai | 200+ Answers
CONTACT NOW
Dear Sir
While signing loan documents generally they take consent without bringing such clauses to our notice, we have to see the terms and conditions of the loan agreements and settlements details. In my opinion they should not charge without your knowledge and consent. We have to see whether any statuary requirement is there or not.
While signing loan documents generally they take consent without bringing such clauses to our notice, we have to see the terms and conditions of the loan agreements and settlements details. In my opinion they should not charge without your knowledge and consent. We have to see whether any statuary requirement is there or not.
Helpful?
18+
18+
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.
Connect with top Banking / Finance lawyers for your specific legal issue
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."
