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kamalakannan A (Senior Software Engineer)     10 February 2011

SBI Home loan dues

Hi All,

Two years before, I built a new house from the help of SBI Home loan. Past 1 and half  years i am paying my EMI amount to SBI bank.

One week before, I got a call from SBI Manager, he told me your over due is 1 lakh rupees and this is because of , i was not paid any interest for before start my EMI, i.e they were releasing some amounts in the process of builting house. So i need to pay the interest for that money. 

But I am not aware of that, because that field officer was not said anything regarding this.

Now he asked me to pay that outstanding amount with in thres months. This much amount came because of cumulative interest.

Please give me some suggestions to speak with SBI.

 

 

 



Learning

 2 Replies

V. VASUDEVAN (LEGAL COUNSEL)     11 February 2011

It is advisable to meet the Manager and get the full details. SBI usually cooperates and would provide you with the details. After understanding the details, in case of discrepancy, you may raise the specific issue for advice.

vasudevan

Adv. K.S.A.Narasimha Rao (legalquestadvisor@gmail.com )     11 February 2011

I agree with learned Mr. Vasudevan.


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