STOP HOME LOAN EMI FOR OMBUDSMAN COMPLAIN
9 months ago
Dear Sir i have complain HFL in Rbi Omdusman for they have not pay my pmay subsidy amount last 2 years (They put my middle name mistake in Pmay Portal so Nhb reject my Pmay Subsidy amount) so i will decided to stop my emi so kindly suggest about this.
A.Dear client,
You truly don't fall into the qualified income group, which is one of the primary grounds for rejecting a PMAY subsidy application. You must be a member of one of the following four groups to be eligible for the PMAY subsidy on interest against the home loan: the EWS or Economically Weaker Section, the LIG or Lower Income Group, the MIG-I or Middle Income Group-I, or the MIG-II or Middle Income Group-II.When your supporting documents show that your name, middle name, or last name is accurate, this cannot be used as a reason to reject you. If you miss three consecutive payments on a home loan for any reason, the loan is deemed non-performing on the grounds that PMAY subsidies are not available. In light of this, the Bank began the usual course of action outlined by pertinent laws for the recovery of debt that was owed to the Guarantor and the Borrower. No matter what, a borrower is obligated to repay the loan, and failing to do so will result in legal repercussions, including the attachment of both the borrower's and the guarantor's collateral securities. So think wisely before any such decision for the stoppage of EMI against the sanctioned loan.
You truly don't fall into the qualified income group, which is one of the primary grounds for rejecting a PMAY subsidy application. You must be a member of one of the following four groups to be eligible for the PMAY subsidy on interest against the home loan: the EWS or Economically Weaker Section, the LIG or Lower Income Group, the MIG-I or Middle Income Group-I, or the MIG-II or Middle Income Group-II.When your supporting documents show that your name, middle name, or last name is accurate, this cannot be used as a reason to reject you. If you miss three consecutive payments on a home loan for any reason, the loan is deemed non-performing on the grounds that PMAY subsidies are not available. In light of this, the Bank began the usual course of action outlined by pertinent laws for the recovery of debt that was owed to the Guarantor and the Borrower. No matter what, a borrower is obligated to repay the loan, and failing to do so will result in legal repercussions, including the attachment of both the borrower's and the guarantor's collateral securities. So think wisely before any such decision for the stoppage of EMI against the sanctioned loan.
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A.Dear Client,
The application for subsidy under the PMAY scheme is rejected for one of the common reasons that you actually don't belong to the eligible income group. For PMAY subsidy on interest against the home loan, you need to belong to one of the four groups: the EWS or Economically Weaker Section, the LIG or Lower Income Group, MIG-I or Middle Income Group-I, MIG-II or Middle Income Group-II. The incorrect name or middle or surname cannot be grounds for rejection when your supporting documents prove it correctness. From the contents of your query, it is not clear what decision is passed by Banking Ombudsman on your complaint. On the ground of the non-availability of subsidy under PMAY, if you stop your repayment of a home loan EMI for consecutive 3 times for any reason whatsoever, the loan is treated as NPA. Accordingly, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. A borrower cannot escape from hia liability of repayment of the loan for any reason and has to face legal consequences including attachment of collateral securities of both borrower and guarantor. So think wisely before any such decision for the stoppage of EMI against the sanctioned loan. Further, if you are still not aware of the reason behind the rejection of subsidy under PMAY from any source, you can make an application u/s.6(1) of the Right to Information Act, 2005 to the concerned Public Authority seeking the desired information attaching therewith the copies of relevant papers and application fees of Rs.10/- payable through IPO which is responded by the concerned Public Authority within 30 days of receipt of the Application sent through Speed Post or Regd. Post.
The application for subsidy under the PMAY scheme is rejected for one of the common reasons that you actually don't belong to the eligible income group. For PMAY subsidy on interest against the home loan, you need to belong to one of the four groups: the EWS or Economically Weaker Section, the LIG or Lower Income Group, MIG-I or Middle Income Group-I, MIG-II or Middle Income Group-II. The incorrect name or middle or surname cannot be grounds for rejection when your supporting documents prove it correctness. From the contents of your query, it is not clear what decision is passed by Banking Ombudsman on your complaint. On the ground of the non-availability of subsidy under PMAY, if you stop your repayment of a home loan EMI for consecutive 3 times for any reason whatsoever, the loan is treated as NPA. Accordingly, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. A borrower cannot escape from hia liability of repayment of the loan for any reason and has to face legal consequences including attachment of collateral securities of both borrower and guarantor. So think wisely before any such decision for the stoppage of EMI against the sanctioned loan. Further, if you are still not aware of the reason behind the rejection of subsidy under PMAY from any source, you can make an application u/s.6(1) of the Right to Information Act, 2005 to the concerned Public Authority seeking the desired information attaching therewith the copies of relevant papers and application fees of Rs.10/- payable through IPO which is responded by the concerned Public Authority within 30 days of receipt of the Application sent through Speed Post or Regd. Post.
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