Bank asking forecloser charges

Jay Shah (Querist) 01 September 2020 This query is : Resolved
We were enjoying cash credit limit from axis bank since 2017 and now on 15 august 2020 it was due for renewal but now we don't want to renew the limit and close the limit , we have already paid all the dues . We have ask bank for closer of limit in reply they are asking for foreclosure charges
I want to know can they ask for any charges as at time of renewal we asking closer and not in between of the limit and we paid all payment by own fund and there is no take over of limit
And bank is not giving proper reply and keep on delaying
So what should I do and are they liable for any foreclosure charged
Please guide me

Follow Query

Report Abuse

Quick Summary

A customer is questioning Axis Bank's demand for foreclosure charges on a cash credit limit that was due for renewal. Having paid all dues and not seeking a balance transfer, they believe charges are unwarranted. The bank's delayed responses and unclear explanations have prompted a request for guidance on how to proceed and whether these charges are legally applicable.

Dr J C Vashista (Expert) 02 September 2020
Repetition of same question.

Advocate Bhartesh goyal (Expert) 02 September 2020
Already replied,repeated query.

Rajendra K Goyal (Expert) 02 September 2020
Repeated query;
https://www.lawyersclubindia.com/experts/bank-asking-forecloser-charges--721801.asp

https://www.lawyersclubindia.com/experts/bank-asking-forecloser-charges--721806.asp

https://www.lawyersclubindia.com/experts/bank-asking-forecloser-charges--721796.asp

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries