Prepayment of home loan -not debit the emi Prepayment of home loan -not debit the emi

2 years ago

After a payment of a limpsum amount my loan outstanding was 1200000.after a year it is1300000.bank was not debit the emi and add interest in outstanding.is i legal or challangile

Anik

Responded 2 years ago

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A.Dear Client,

As per the facts which have been provided, it may be wrong on their part. You need to talk in the bank and if something is wrong on their part then you can file a suit against the bank.

Hope this clarifies your doubt and requirement.

Thank You.
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Abhimanyu Shandilya

Responded 2 years ago

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A.Dear Client
If you had provided the SI or ECS mandate to the bank and even then they did not do it then certainly it is wrong on their part and you can challenge their action in the proper forum/court.
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