90+ Lawyers are online 
Regarding unauthorized pre-closure of personal loan
30-Mar-2023 (In Banking / Finance Law)
I applied for a new personal loan, but my bank processed it as a top-up. My existing loan was almost over and I had already paid the interest, but because of this, I now have to pay interest twice. I asked them to reverse it, but they said it's impossible to do so. Can I sue the bank?
Yes, you can sue the bank. As the bank upon clear instructions from your end, violated those instructions and went ahead in giving a top-up option instead of a fresh loan, they have caused their services to be inadequate. We can go the consumer forum on the ground of deficiency of service caused by the bank officials.
Helpful?
20+
20+
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."
