Hi,
After making the mortgaged deed , it is a month now but finance company have not disbursed the loan still..
Sanction letter also issued.
please suggest ?
Enquire with the company. What anybody else here can do?
Vijay Dattatraya (Own business ) 12 June 2018
R.Ramachandran (Advocate) 12 June 2018
Enquire with the company. What anybody else here can do?
Vijay Dattatraya (Own business ) 12 June 2018
Vijay Dattatraya (Own business ) 12 June 2018
Siddharth Jain 12 June 2018
Vijay Dattatraya (Own business ) 12 June 2018
Deepak B 12 June 2018
R.Ramachandran (Advocate) 12 June 2018
You can definitely make a complaint to the Banking Ombudsman under clause 8(2)(b) as mentioned below.
Clause 8(2) of THE BANKING OMBUDSMAN SCHEME, 2006 provides as under:-
A complaint on any one of the following grounds alleging deficiency in banking service in respect of loans and advances may be filed with the Banking Ombudsman having jurisdiction:
(a) non-observance of Reserve Bank Directives on interest rates;
(b) delays in sanction, disbursement or non-observance of prescribed time schedule for disposal of loan applications;
You can find the addresses of the Banking Ombudsman at the following link.
https://rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=BankingOmbudsmen.htm
Send a Registered Complaint with all the copies of relevant documents like loan sanctioning letter, your reminders, their repeated commitments etc. etc.
Vijay Dattatraya (Own business ) 12 June 2018
Vijay Dattatraya (Own business ) 12 June 2018
Vijay Dattatraya (Own business ) 12 June 2018
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