Legal Question in Banking Law in India
Sir, I have Taken Educational loan on Date 1-8-2006, for amount 440000.00. I have requested FOR OTS with simple interest. But Bank Is Compounding it on monthly basis. Even the Money Lender Sukee lala In Mother India was not charging such huge compound interest. What I can do?
Asked on 9/12/12, 12:16 pm
3 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
I have to see mother india to know how much interest Sukhi lal was charging .
Answered on 9/13/12, 12:23 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
What were the terms on which you took loan?
Answered on 9/13/12, 4:26 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you may approach the bank ombudsman or file a complaint in the consumer forum.
Answered on 9/13/12, 5:53 am
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