Help agaginst bans

Querist : Anonymous (Querist) 30 October 2011 This query is : Resolved
DEAR SIR,

I HAVE FEW LOANS GOING IN PNB DELHI . DE DETAILS ARE :

1. HOUSING LOAN - 800000 DUE FOR FLAT
2. CC LIMIT - 3000000 DUE HP FLAT
3. TERM LOAN AGAGINST PLANT & MACHINES - 2100000 DUE (UNSECURED)
4. CAR LOAN (UNSECURED)

NOW I LIKE TO SWAP MY A/C IN SOME OTHER BANK AND REQUIRE TO RELEASE MY PROPERTY. TECHNICALLY I HAVE HP ON TWO LOANS AND HAVING TOTAL OUTSTANSING OF 3800000 RS. . MY NEW BANK READY TO B/T TO PNB FOR 3800000 . BUT PNB THEY INSIST TO CLEAR ALL THE LOAN ONLY AFTER THIS THEY CAN RELEASE THE PROPERTY DOCUMENTS.

I HAVE TALKED TO THE BRANCH MANAGER MANY TIMES BUT THEY STICK ON THEIR SAID.

WHAT I CAN DO TO RESOLVE THIS PROBLEM

TAKE CARE

KAPIL SHARMA
9910082220

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prabhakar singh (Expert) 30 October 2011
I fail to understand the query when you say the total out standing of PNB is 38lakh and new bank ready to B/T that amount then what does mean by your words"PNB THEY INSIST TO CLEAR ALL THE LOAN ONLY AFTER THIS THEY CAN RELEASE THE PROPERTY DOCUMENTS."????

Querist : Anonymous (Querist) 30 October 2011
Yes you are right but the manager said if i take the collataral out than how they control us in the repayment of unsecured loans (Term Loan and Car Loan). For you reference i'm paying CGFT scheme charges every year for term loan and car loan naver been secured. They actually stop me to move to the other bank. What i can do to stop them to do so. or how i can insist them to releas property paper after B/T .

Querist : Anonymous (Querist) 30 October 2011
For your reference I'm sending you Senction latter of PNB in this they have clearly mentioned everything.

Actually from past 3-4 mounths i'm not able to execute the loan properly. So they are using this against me.

Please suggest me the solution

Querist : Anonymous (Querist) 30 October 2011
THE OTHER BANK RELEAS BALANCE FUND ONLY WHEN THEY GET COLLATRAL BACK FROM PNB. AND NOW PNB NOT IN THE INTENTION OF HELP ME.
I HAVE A SENCTION LETTER WITH ME AND BEFORE DELAY I HAVE TO ACCEPT IT. CONFIRM ME YOU REPLY

ajay sethi (Expert) 30 October 2011
since you have failed to pay installments on time bank does not want to release the security . if bank releases the collateral security bank will be left high and dry if you do not repay loan .

you will have to obtain loan against some other assets pay of PNB then release your property

prabhakar singh (Expert) 31 October 2011
Now understood.You have not been paying to prove a good debtor,PNB is rightly afraid about its unsecured loans,unless you do not payoff their unsecured debts you may not have option to move,law will not help you until then against PNB.

Shonee Kapoor (Expert) 01 November 2011
Agreed with both the experts. The bank is sensing some kind of fraud from your end

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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