Legal Question in Banking Law in India
i had borrowed 45 lacs from cholamandalam finance in 2008. i had paid 2 years emi properly and next 2 years in delay. now since i am financially struggling i have decided to close the loan by sourcing funds from out side. Now the problem is the are charging Additional financial charges, late payment, and foreclosure in high percentage. now what to do....
Asked on 4/15/12, 10:52 pm
2 Answers from Attorneys
Santosh Dash
Legal Consultant
do you have the copy of loan agreement with you? check that. incase you fee it as harassing, write to ombudsman (if it is a bank) or RBI (if it a NBFC).
Answered on 4/15/12, 10:55 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Your loan agreement terms have to be peruse for replying the query.
Answered on 4/16/12, 3:17 am
Related Questions & Answers
-
My uncle was having a SB account with indian bank.As he was not married,he nominated... Asked 4/15/12, 10:39 pm in India Banking Law
-
Sir, I working car dealer posting asst Manager one customer payment mode cheque Rs.... Asked 4/14/12, 2:03 am in India Banking Law
-
I request you to offer your advice on the following :- what is the exact text of the... Asked 4/14/12, 12:02 am in India Banking Law
-
My brother-in-law paid for a tour to an operator some 14 months back. The tour was... Asked 4/13/12, 5:00 am in India Banking Law
-
If the post dated cheque presented after 2 years , bounces . What are the... Asked 4/13/12, 1:20 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
