Legal Question in Banking Law in India
Home loan
I applied for home loan from Reliance Capital Limited. My loan is rejected till Reliance charged me processing fee of Rs.2247. This is legal ? If illegal what should I do?
7 Answers from Attorneys
Re: Home loan
Basically whether Reliance Capital is dealing with Home Loan . If its article and memorandum provides so. You should have checked all the terms and conditions , formalities before you processed loan application . if all the required criteria are fulfilled by you then such question doesnot have arisen. In my opinion if for confirming whether you are eligible or not some fees are scheduled it is upto you whether to test your eliegibility. If you are decived and are fruadulently cheated , you can well approach to consumer court
Re: Home loan
This is legal. You are binded under the terms and conditions when you sign the agreement.
Re: Home loan
If it is in your agreement it is legal.
Re: Home loan
Processing fees are normal in these days. If your loan application has been rejected without any agreeable reason, you can file a complaint in the District Consumer Disputes Redressal Forum for compensation
Re: Home loan
i can not tell without having a look at the papers
Re: Home loan
NO. They cannot charge in the garb of processing fee. you can go to consumer forum for the redressal.
for details contact personally or mail me.
Related Questions & Answers
-
Certified affidavit of claims from the federal high court of justice nigeri The... Asked 10/05/07, 5:04 am in India Banking Law
-
Collection Is it legal for bank to demand for money at the doorstep for a personal... Asked 10/02/07, 8:47 pm in India Banking Law
-
Banking law if nominee and joint account holders expire then by whom the account is... Asked 10/01/07, 7:32 am in India Banking Law
-
Blank cheque to people I had taken a loan of 4lac from private lenders at a very... Asked 10/01/07, 3:08 am in India Banking Law
-
Negotiable instrument act If court had fined Rs.2000/- for chq dishonour how can I... Asked 9/26/07, 8:31 am in India Banking Law