Complaint Details

Status	:	Closed
Complaint No	:	0043138/2015
Category	:	Banking
Date	:	26-02-2015
Subject Line	:	Loan Foreclosure
Complainant	:	Mohit Garg
Address	:	D1-1402, Summer Palms, Sector-86
Complainee	:	PNB Housing Finance Limited
Address	:	Ambedkar Chowk, Opp. Old Session court, GT Road

Complaint Details
My Father with me as co-applicant taken loan (LAP) from PNBHFL in 2010. In 2011 my father suffered Heart attack and went to bed for life. till now we managed to pay the all EMI few of them got delayed and once loan became NPA. But we managed to come out from that situation and continue to pay the all EMI with/without delay. Every such delay Bank charged compounded interest. For every cheque bounce bank charged Rs. 562/-, considering the fact that bank sent his representative/agent to collect the cash for EMI. In addition to that bank increased the ROI drastically from 11.25% to 16.5% and increased the amount of EMI. By imposing such unjustified charges bank was not satisfied and when we applied to bank for loan foreclosure, they demanded overdue charges of Rs. 41K which can't be justified because it also charged compounded interest. We wrote to bank but they never considered our request. In order to avoid further interest we were left with no option but to deposit all amount with overdue charges. We are highly aggrieved by this act of bank and looking for justice. Please help us. I am attaching hereby Loan statement and loan foreclosure letter for your consideration.

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