BANK GOLDLOAN AUTOMATIC DEBT
2 months ago
This is bring to kind notice that Our account is Andhra bank so many years transaction after bank merging union bank of india my gold loan is 1 year after 1 day of late not issue the any notice us.any legal advice is there plz suuggest sir.
A.Dear Client,
Failure to pay interest on a gold loan by the due date may result in penalties imposed by the lender. Some lenders provide an auto-debit feature for convenient installment deduction from a linked credit card. If the lender's actions seem irrational or contrary to the loan agreement, you can file a complaint on the RBI's grievance redressal portal (https://cms.rbi.org.in) under the integrated Banking Ombudsman Scheme for a prompt resolution. This allows borrowers to seek quick redressal for any concerns regarding gold loan transactions.
Failure to pay interest on a gold loan by the due date may result in penalties imposed by the lender. Some lenders provide an auto-debit feature for convenient installment deduction from a linked credit card. If the lender's actions seem irrational or contrary to the loan agreement, you can file a complaint on the RBI's grievance redressal portal (https://cms.rbi.org.in) under the integrated Banking Ombudsman Scheme for a prompt resolution. This allows borrowers to seek quick redressal for any concerns regarding gold loan transactions.
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A.Dear sir
If you are safe with gold loan account then you need not worry. Otherwise approach high court against union bank of India and get appropriate orders.
If you are safe with gold loan account then you need not worry. Otherwise approach high court against union bank of India and get appropriate orders.
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A.Dear Client,
If the borrower fails to pay the interest on the gold loan by the deadline, the lender may impose penalties. Some lenders offer an auto-debit feature, enabling automatic deduction of your gold loan installment from your linked credit card. However, if the action of the Band appears to you irrational or contrary to the loan agreement, you can submit your complaint online to the RBI on its grievance redressal portal under the integrated Banking Ombudsman Scheme at https://cms. rbi.org.in for a quick resolution to the matter.
If the borrower fails to pay the interest on the gold loan by the deadline, the lender may impose penalties. Some lenders offer an auto-debit feature, enabling automatic deduction of your gold loan installment from your linked credit card. However, if the action of the Band appears to you irrational or contrary to the loan agreement, you can submit your complaint online to the RBI on its grievance redressal portal under the integrated Banking Ombudsman Scheme at https://cms. rbi.org.in for a quick resolution to the matter.
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