Personal Loan Settlement
Guest
(Querist) 26 April 2011
This query is : Resolved
Dear Sir,
I seek legal help to settle my Personal Loan account with a bank.
I am already in negotiation with the bank and the bank has also issued a letter of settlement for my Personal Loan Account closing and final settlement, after I sent them the scanned copy of the Demand Draft which I will pay to them at the time of final settlement.
However, I am not too convinced with the matter written in the letter, and I find it to be one-sided in favor of the Bank.
I need legal help regarding this final settlement before I give the Demand Draft for payment to the Bank. I need expert help to know what documents are required or signed for such procedure.
n
Guest
(Querist) 26 April 2011
Sir,
Also please see the sample of the format of the letter I had received from the Bank, I am attaching the PDF of the sample letter here.
Regards,
n
Advocate. Arunagiri
(Expert) 27 April 2011
You can post the letter received from your banker,to get a correct reply.
Guest
(Querist) 27 April 2011
Hello Mr. Arunagiri,
Thank you for responding to my query.
Sir, I have already attached here the letter received from the Bank. The top and bottom part of letter have been teared and removed by bank executive who met me, as this was issued to some other person. However the main content of the standard format was given to me, and I have attached it here in the same state.
Kindly see the attached letter draft. I would be highly grateful if you can advise me on that.
Also, if you would, please do convey to me about what would eventually be the status of the first agreement and terms and conditions signed with the bank at the time of applying for the personal loan, after I make the payment for full and final settlement.
Thank you again Sir.
Sincerely,
Narendrasinhji D Vansadia
