Legal Question in Banking Law in India

I I have taken Prime Minister�s Employment Generation Programme (PMEGP) Loan of Rs.3,00,000/-only(won-15,000+Subsidy-1,05,000=1,20,000/-)and bank is given Rs.1,80,000/- bank don't take any mortgage, I'm paying monthly 4000 interest from 7 month regularly. but Suddenly I found they take my signature in a paper ,I don't know what is the paper because many paper signature from me those are I read .

those are know that 3 months later,they give me a Rs.20,000/-TATA Aig Life policy but interesting things is I told them my policy certificate give to me,but they don't give me my policy certificate then I stop the EMI.

(I am a poor village nonworking man who start a business of this loan)

then the bank give a notice to possession.

Please do answer me in brief sir! I really will be obliged to you on your advice and explanation in this matter.Thanking you!

Regards,

Manas


Asked on 10/05/12, 3:56 am

1 Answer from Attorneys

send legal notice

Read more
Answered on 12/22/12, 11:36 pm


Related Questions & Answers

More Banking Law questions and answers in India