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Increase in Rate of interest of my education loan


19-Aug-2023 (In Recovery Law)
I took education loan from recognised Bank now after an year of taking loan my interest rate is now increased by bank thus increasing my total payable value than before. What should I do?
Answers (1)

Answer #1
669 votes
See, first we have to go through your loan agreement with the bank. If the Bank has arbitrarily increased the Interest rate then we can approach the Consumer forum and also complain against the bank at Banking Ombudsman, RBI and other Authorities, depending upon your case. To get proper guidance, please visit my office with the complete case papers.
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