Home loan
SURENDER REDDY
(Querist) 12 February 2015
This query is : Resolved
Dear Sir/Madam,
I have a home loan in a private bank. since last 4 years they were bounces and I have cleared them. In the year 2013 i had bounces in August, november & December. And even in 2014 they were bounces and i have cleared some.
In 2015 the outstanding was around Rs.1,07,000/-. They asked me to pay Rs.50000/-. I told them clearly that i can pay 25,000 in jan & 25,000 in feb. But due to there force i have given them a cheque for Rs.25,000 & paid Rs.25,000 cash on 31st jan.
Even that cheque was bounced. I have asked them to give me time till 14 Feb so that I will pay 25,000 cash. But they are not listening to me. They are saying that they are issuing a demand notice and will issue an advertisement in the newspaper.
Myself a lady customer to the bank. I have been answering their calls, giving up to date communication. Asking them to give some time for the payment of the due amount. I have some financial problems that is the reason i couldn't pay them. But they are not listening to me. There is an officer from head office who is very rude & calling me continuosly and harrasing me. Not even listening to my problem.
So sir please help me in this issue. Is there any way to stop the process & take some time for the payment? I dont understand a thing why they are so rude and not even listening to me? Im paying them slowly the due amount. Im asking for some more time. But they dont.
Please let me know what i need to do. They said they had issued a demand notice today morning & will be issuing an add in 2 or 3 days in the newspaper.
Jayashree Hariharan
(Expert) 13 February 2015
Hope you have written communications with them regarding the request for time to repay.
You have to pay, but the only way out would be to give a reply (if you receive notice).
Sent an email right away to them and tell them about your problems and your repeated requests for time.
Rajendra K Goyal
(Expert) 14 February 2015
Record the rude talks and lodge complaint.
You have taken loan it is your liability to pay back which you are not adhering to your commitments.
For cheque bounced, criminal proceedings u/s 138 NI Act can be initiated against you.
If you unable to keep the loan account regular, better dispose off the property, close the loan account and save further losses.
T. Kalaiselvan, Advocate
(Expert) 15 February 2015
Upon your cheques getting bounced for insufficiency of funds, the banks are right in issuing you the legal demand notice as well as notifying the same through paper publications. It becomes your duty to clear the loan amount as per the terms, dont seek a short cut way to cheat the bankers.
