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Deep Sharma (owner)     03 July 2014

Personal loan against gaurantee

I had taken a loan from cooperative credit society  Of Rs.5Lacs and my father has mortgages property against the loan
As i have paid  Roundabout 2,50,000 but still the society the societyRaises  12 lakhs on me and whatever be deposited they had transferred all amount to there interest receivable account and now more than the loan interest is there what should i do can u guide us regarding the matter please let us know how it is calculated?

is the interest allowed more than principal amount.

Thanking you



Learning

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