LawRato

Car loan EMI remaining after paying all the emis on time bank error


15-Mar-2023 (In Recovery Law)

I have a car loan from SBI. The loan is on floating interest. My EMI started in April 2011 and should have ended this month (60 emis). However SBI says they that there are 3 more emis. Reason being they did not increase the @ of interest. Hence the pending amount. They have admitted their mistake. Now this is causing a problem. Please help

Answers (1)

Answer #1
777 votes
i know this mistake on their part but if you dispute at this stage, they will not give you NOC and it will become court matter only for 3 installments. Do one thing before they debit last 3 installments, issue letter to them saying that 3 additional installments are being paid under protest. afterwords close account and obtain NOC and then you issue notice claiming refund.
Helpful? LawRato10+ LawRato
Advocate Sunil Kadam

Adv. Sunil Kadam

LawRato Mumbai | 25+ Answers
Chat with Advocate Sunil Kadam Chat 

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?

Connect with top Recovery lawyers for your specific legal issue
Connect with a Lawyer
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."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato