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
1 Answer from Attorneys
Related Questions & Answers
-
Can a agicultural land be mortgaged for non agriculture purspose loan Asked 10/04/12, 12:44 am in India Banking Law
-
Mere father aur mother ke naam se joint saving bank accout(either or survivor) tha.... Asked 10/02/12, 9:44 am in India Banking Law
-
If the same property is been mortaged with two different banks and out of these if... Asked 9/29/12, 7:19 am in India Banking Law
-
I am a Purchaser of the property. There is one mortatge property in State Bank of... Asked 9/29/12, 3:11 am in India Banking Law
-
Can the bank deduct the amount from the account of the guarantor ? Asked 9/29/12, 12:50 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.
