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Loan rate floating to fix by bank without any concent and information


02-May-2024 (In Recovery Law)
Sir I HAVE TAKEN HOME LOAN IN 2009 AT FLOATING RATE OF INTEREST IN THE BEGINNING OF LOAN FEW YEAR IT WAS FLOATING BUT AFTER FEW YEAR BANK ONVERT LOAN FROM FLOATING RATE TO FIXED WITHOUT MY CONCENT AND INFORMATION ON YEAR 2021 WHEN ITS COMES TO MY KNOWLEDGE I REQUEST THE BANK TO RECTIFY IT BUT BANK DIDN'T TAKE ANY ACTION THEY SAY WE CAN RECTIFY FROM THIS YEAR . Previous WE HAVE TO PAY CAN WE TAKE LEGAL ACTION REGARDING THIS PLEASE GUIDE
Answers (1)

Answer #1
521 votes
Yes you can take the legal action regarding the issue. Issue them the legal notice for the same and in the said notice itself demand any excess amount paid by you with interest. if they fail to comply with the legal notice, you can file a complaint before the consumer court.
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