Legal Question in Consumer Law in India

Finance company sanctioned mortgage loan still not disbursed to me and taking pre emi amount from me is it okay


Asked on 9/10/16, 5:27 pm

1 Answer from Attorneys

Santosh Goswami,Advocate sure shot legal

No, it is not ok and in utter violation of law. How could there be EMI before the disbursal of loan? Serve a pleader notice now calling upon it to disburse the loan and start the EMI afresh else consumer complaint shall follow.

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Answered on 9/10/16, 9:40 pm


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