GE Money Home Loan
GE Money Overcharging in name of Overdue Interest

I have taken a home from GE Money in 2006 Rs 1859000 at 8.65% and my current rate of intererst is somewhere around 13.9%. My current outstanding left is Rs 82894 only and loan is supposed to be paid off in next six installments.

Due to some reasons I want to close my loan now and I am also ready to pay the outstanding amount foreclosure charges as per the attached Tariffs sheet of GE.

But GE has put additional charge in my foreclosure letter which is Overdue Interest of Rs 130923/- apart from preclosure charge outstanding amountand thus making the final amount to somewhere Rs235421/-

I have made all my payments on timely basis without any cheque bounce etc so there is no question of any Overdue Interest.

Also inspite of my denial for the insurance policy, GE executive has opened the policy which cost Rs 612 per month. I have paid this amount for 22 months between 2006 and 2008. But GE has never provided me the correct policy number and thus finally I have asked GE to put the insurance amount to my loan account by closing the policy.