Dear Sir / Madam,
My name is saravanan & i am living in salem tamilnadu. I year back i have received amount Rs.1,00,000 from the private finance with agreement of 3 years return back . We have orally discussed the interest rate by Rs.3/ 100. but now he is asking Rs.5/100. as of now i have some financial problem i couldn't able to pay the interest last 5 months. Now the finance person scold in bad words & put a lock in to my home when we are not in the home town. Once we come back & saw my house was locked with welled. immediately i have gone to police station & complaint. even though the police officers convenience to us only" You have to return back the money". I said yes i agree i will pay the money but i need some time but the finance person need the money immediately.
I need your valuable advice & i decide to file a case to him with act of Exorbitant interest rate.
Thanks & regards,
S.Saravanan