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Want to foreclose loan but manager asking payment of 4.5% of charges
15-Jul-2023 (In Banking / Finance Law)
sir have runing a loan against property loan from HDB finance since two year now i want to foreclose my loan but the branch manger force me to pay 4.5 percent of charges of principal amount. when they sanction my loan they told me there is no charges of foreclose
They cannot charge any penalty or any other charges on foreclosure. Write to their zonal office; ask the Br manager to give in writing. If that does not work make a complaint to RBI banking Ombudsman.
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Adv. Manjusha Sharad Bhagade
Delhi | 25+ Answers
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Hello client,\
As per your query is concern,as per your words i can simply say you are right and bank manager is wrong,
but the thing is that without going deep into the depth of the matter i am unable to advice correctly i need to see the documentation of ur bank loan then only i can tell you the best way.
As per your query is concern,as per your words i can simply say you are right and bank manager is wrong,
but the thing is that without going deep into the depth of the matter i am unable to advice correctly i need to see the documentation of ur bank loan then only i can tell you the best way.
Helpful?
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Adv. Vishwanath Pratap Singh
Delhi | 500+ Answers
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I understand your concern. You will have to share the loan agreement/ sanction letter and other related documents to analyse before answering the question. Most of the times what is negotiated is different form what translates onto paper.
Helpful?
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Adv. Joydeep Nath
Delhi | 100+ Answers
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