Pramod 17 July 2018
Dear Sir,
One of my client took unsecured loan of Rs. 50000 with monthly interest 10%. Due to business loss not able to pay so interest amount increased. He is ready to pay principle amount and interest rate s per bank rate but not interest amount. Harassing for payment.
Request your suggestion how can teach lesson to money lendors collecting higher rate
Adv Deepak Joshi +917017821512 (Advocate) 17 July 2018
Who is money lender if he not authorized than then complain to police.
If he is authorized money lender then coming to the licensing authorizes about is unreasonable high interest rate.
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