Bank loan Bank loan

3 years ago

I have taken a loan in nbfc Bank. Suddenly in a month they have raised interest rate 3 times 1.5 year back when ROI was little high in all banks now when the ROI is slashed in all banks they are not ready to reduce the ROI. As I am in FRI plan. What I have to do stop emi and go for legal or continue emi and go for legal.

Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.Hi,
It is advisable to consult a lawyer as documents need to be verified.
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Rameshwar Dadhe

Responded 3 years ago

A.Don't panic when u sing on lone agreement papers . There is clause bank having authority to increase your rate of interest any time
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