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Loan refund policy - My father was try to buy a second hand car
1 year ago
My father was try to buy a second hand car in true value.for 5Lakh rupees. Out of 2 lakh in cash and 3 lakh in loan. We paid the amount and bank provided 2 lakh also. However later we decided to not buy that car o within 2 days we got refund from true value however now the bank is telling us to pay 6,000 interst for the loan because they got there refund after 1 month. Do we need to pay that amount because we got our cash within 2 days and bank is telling they got refund after 1 month
A.Dear Client,
If you gave back the refund late then the bank might be right and you have to pay the intrest as the loan was already sanctioned. But if there were no issues from your side then you may ask the bank to recheck the refund details and about the intrest.
If you gave back the refund late then the bank might be right and you have to pay the intrest as the loan was already sanctioned. But if there were no issues from your side then you may ask the bank to recheck the refund details and about the intrest.
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