Sir,
I took a loan of Rs10,00,000 (ten lakhs) from Punjab National Bank,
Kovur Branch,(IFSC Code:PUNB0994500) Nellore District, Andhrapradesh
on 31st of July 2017 to by house site. I also mortgaged my site to the
same bank. At that time the manager of the bank promised me an
interest rate of 8.35%. But he charged me 8.65%. In the month of
November I got a mail showing the rate of interest to be 8.65%. when I
asked the manager about that he had thrown the mistake on to the clerk
and promised me that he would rectify it. But again it is showing
8.55%. Now he is denying to change it.
As I have to construct a house within two years of my first loan I
have applied for another loan for Rs 20,00,000 (twenty lakhs) in the
first week of March 2018, as I am eligible for that amount. I have
submitted all the required documents there with. The manager promised
me that the loan will be sanctioned with in ten days. Believing this I
have started the construction. But I haven't got my loan sanctioned
till now. When ever I ask him he says it will be sanctioned within two days. He is neither denying nor sanctioning. How about if I approach Forum?
A.Dear Sir,
You can raise complaint with his higher ups or Banking Ombudsman.
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Ambrose Leo
Responded 5 years ago
A.You have not stated terms & conditions of Loan,Fixed or Flexible. The rate of interest change as per the guidelines of RBI. You can request for the interest rate schedule & guidelines from the bank. You have to issue letter to bank manager stating your requirement of Loan & time factor and consequential implications. You cannot approach any forum at this stage as it may jeopardise your loan sanction from the bank.
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Rajeev RJ
Responded 5 years ago
A.You can approach banking ombudsman of Punjab national Bank. If you need any support please let me know
Dear Sir,
You may get issue a legal notice to the concerned Bankers and the Head office and initiate legal action and claim huge compensation for not securing your account details which are private de...
Dear Client,
Your query requires more details to address it suitably. You expressed your concern but not a cause of action behind that concern that attracts a legal remedy. It is a virtual platform w...
Dear Client,
You need to adhere to the payment of EMI and interest rates as provided by the financial corporations to settle the loan amount. In case of a financial crisis, you can contact the manager...
Dear Client,
Once a donor or owner of the property gifted the property to the donor through a registered deed of gift, the property becomes the self-acquired property in the hand of the donee who beco...
Dear Client,
Once a borrower fails to repay his debt, the Lenders/FIs initiate a routine course of action for recovery of the loan/debt from the borrower. You may negotiate or settle your dues agains...
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