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Lalit Mohan Chhimwal   08 May 2018

Cheating by a loan company

Home credit has given a loan at flat rate of interest 28.99%p.a. flat but the interest is being appropriated at 47.41%p.a. on reducing amount. Foreclosure period is six months minimum. The interest in first six months is 47.41%p.a reducing not flat which which much more than 28.99% flat which is the term of loan interest.
What action should be taken.


Learning

 4 Replies

nitin gupta   08 May 2018

flat booking amount refund

Adv Deepak Joshi +917017821512 (Advocate)     08 May 2018

File complain in consumer forum of your district/state depending upon the amount of loan, if less then twenty lacs then file case in district consumer forum, if greater than twenty thousand and less in then  one Cr in State forum .

Calming this much high interest is against the law, financial sector can claim reasonable interest not any arbitrary amount.

For any other help feel free to cal at 9456777600.

 

Kumar Doab (FIN)     08 May 2018

Approach your own very able senior LOCAL counsel of unshakable repute and integrity specializing in civil/consumer matters and having successful track record ….. and worth his/her salt …and well versed with regulator notifications and show all communications, agreement, statements on record.

Your counsels can guide you in person and guide the best. You may also discuss in person with seasoned and well informed PIP to guide and proceed in best of your interest..  If matter gets resolved nothing like it.

Check at LOCAL consume forum/Civil courts for such counsels..

Kumar Doab (FIN)     08 May 2018

If you wish to appear in person and are confident check details and even judgments at;

www.confonet.nic.in


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