hello ! I HAVE TAKEN HOME LOAN FROM ICICI BANK AND DUE TO DEFAULT THE BANK HAS INITIATED ACTION AGAINST ME UNDER SECUTERISATION ACT i.e. 13/2 and 13/4.. AND NOW THE MATTER IS PENDING BEFORE THE DRT. I AHVE APPROCHED THE BANK FOR SETTLEMENTBUT ICICI BANK HAS GIVEN ME STATMENT IN WHICH THEY HAVE INFLATED THE STATMENT LIKE BELOW
ACCOUNT 1)
Principal 0/S : 834,091.00
Late Payment Penalty : 387,687.00
Cheque Bouncing charges and Other charges : 3,335.00
Interest for the month . 8,257.60
Prepayment charges @ 2.21% at 0/S Principal : 18,433.41
Pending Installment . 658,448.00
Refunds : 0.00
Total Amount Payable : 1,910,252.01
ACCOUNT 2)
Principal 0/S : 1,222,947.00
Late Payment Penalty : 832,245.00
Cheque Bouncing charges and Other charges : 1,551.00
Interest for the month . 12,433.60
Prepayment charges @ 2.21% at 0/S Principal : 27,027.13
Pending Installment . 1,394,416.00
Refunds : 0.00
Total Amount Payable : 3,490,619.73
I WANT TO SETTLE MY ACCOUNT AS MY FRIENDS AND RELATIVE ARE GOING TO HELP ME FOR THE SETTLEMENT.
PLEASE GUIDE ME HOW TO DO OTS AND GUIDE ME HOW TO GET CONCESSION IN LATE PAYMENT PENALTY AND PENDING FUTURE INSTALMENTS...
THE BANK PEOPLE AND THE LAWYERS ARE PLAYING HIDE AND SEEK GAME TO EXTRACT MONEY WITH OUT DOING THE OTS AND THEY ARE CLAIMING THAT THE OTS IS NOT POSSIBLE AS THE VALUE OF THE PROPERTY IS MORE THAN THAT OF LOAN AMMOUNT.
PL GUIDE ME AS EARLY AS POSSIBLE..
kind regards
