Bank Loan Bank Loan

5 years ago

A private bank has approved me a loan of Rs. 217000 without my consent. And now the bank is taking EMI of Rs.9066 . Can I take any legal action against bank?

VIMAL K MISHRA

Responded 5 years ago

A.Contact Vidhikarya for help.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Ambrose Leo

Responded 5 years ago

A.No,better to stop the EMI and obtain the refund from the Bank.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Prabhakara S K Shetty

Responded 5 years ago

View All Answers
A.Strange is your question, have you not taken the amount from teh Bank? How they are collecting EMI , who is paying them ? If you have not recieved teh amount, don`t pay to them, and if you have not consented to the loan, what is the meaning of that Bank having 'approved ' it ? And you are talkIng of taking action aginst Bank after paying ENI ?
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

ROBERT D ROZARIO

Responded 5 years ago

A.Serve a legal notice through an advocate from Vidhikarya.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Anand Shukla Legal Practitioner,Legal Consultant & Advisor

Responded 5 years ago

A.First you all you should demand from the bank the loaning documents . After careful scrutiny you can issue a legal notice and take action as per guidelines of RBI
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Deepak Yashwantrao Bade

Responded 5 years ago

A.Hallo sir, before taking legal action some points need to be clarify. there are strict regulations given by RBI to all banks and finance company for grant or approval of loan such as -
Loan application
Discussion with the lender
Background verification by the bank
Signing in of necessary documents
Loan sanctioning and disbursement
And lastly consent of lender.
Approval of a Loan
The time taken for approval of a personal loan depends on the authenticity of the information provided by you. On approval, borrowers may either be offered a fixed rate of interest on the loans or a floating rate.For the bank to approve loan request, you will have to submit the following documents:-
Bank statement
Identity proof and address proof
Salary statement
Income tax statement.
If there is any issues or complaints regarding such bank Kindly contact with bank authority.or you can complaint to RBI banking omdusman authority.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Namitabh Kothari

Responded 5 years ago

A.It is so shocking that Bank is taking EMI without you applying for the loan.
You will have to immediately send Legal Notice through the Advocate to the Bank and also them to stop the EMI immediately.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 5 years ago

View All Answers
A.Dear Sir,
You can get issue a legal notice and get close the said account and also claim damages. Such things being happening in banking field.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconLender is not available for my payment
Dear client, contact the lender through any contact information or if there is office of their. And also report the same to cibil
question iconLOAN SETTLEMENT AND ADVICE
Dear Client, A borrower is held liable personally for his or her debt for non-payment of the outstanding amount of the loan. Once the repayment of the loan stops or bounces for consecutive 3 installm...
question icontitle of a flat
Dear client, yes one can get the title from the auctioner by way of sale certificate by purchasing the flat in the auction.
question iconAbout cheating of money transfer
Dear Sir, It is better to settle the matter with the Management otherwise if Police complaint is given your friend may be put into jail and charge sheet will be filed and case will be run for 4-5 year...
question iconovercharging of rate of interest
Dear Client, In the prevailing situation, serving a legal notice to the concerned Bank, make a private complaint against the Bank to a Court of Magistrate under Sec.200 of Cr. PC. that outlines the pr...