muthukumaran 01 August 2019

Cancelling loan

Dear All, Need your valuable comments, i have applied Balance transfer and top up with Bajaj Finance, when i went to my bank asking for NOC they said they itself given top up immediately i have sent mail to executive that to cancel my loan application, they said they have disbursed my loan, i have signed in applications that's it and when they have asked for details confirmation about loan i have given approval but they didnt submitted cheque or deposited amount to close my earlier loan. and they didnt finished MODT registration also now they said i have to pay EMI from 2 Sept 2019. kindly give response whether i have to go for legal or not.

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G.L.N. Prasad (Retired employee.) 02 August 2019

First issue a notice under CP Act through a sincere advocate and let their version be recorded through reply. Then you can file a consumer complaint stating deficiency of service. When the loan is not disbursed, there is no question of paying EMI. Conclude this at the earliest.