Hi,
On Feb 2012, i have approached Union Bank for 3,00,000 Home loan. The Manager said that only 2Lach was approved and i accepted it. My ROI is 11.40 with 10 Years. The Manager did not updated me on the EMI, so i caculated it and it came aroud 2,800/month. I was paying rs5000 on month from Mar 2012. I know im paying extra, so that i though of closing my loan early. Till 2016, i have not made the emi for 4 months. and i got a letter on august 2015, stating that i have outstanding amt, when i checked with a manager he said to ignore that letter. in starting on Jan 2016, a new manager came and mentioned that i ahve outstanding amt of 15000, i was shocked and checked with him on my account.
I have got only 2Lach, But my account is updated as 3lach, and my emi is kept as 4200/month. my account went to NPA because of their wrong emi updation. Now i got possession letter from RO for that.
Actually my oustanding is 89,000 as of now, but in their letter it is mention as 1.25L. i explained to manager and he asked to me pay that 15,000 rs, so that he can correct my account and emi,Why i should pay 15,000 for their mistake... i have paid more than my actual emi.. Pls advice...
