ICICI Bank
Loan repayment

Sir,

I have taken a Loan against property from ICICI Bank on September 27 for Rs. 80 Lakhs. At the time of reimbursement of loan I was imposed many type of charges like insurance and so. Being a layman I did not had any prior experience to work with private bank. Misfortunately my business collapsed and I turned upside down. Though I had been paying my loan irregularly but still I have been paying.

In the month of december bank issued a serfaesi notice to me but I deposited my all broken istallments with the bank in the month of march (12 march). Bank persons forced me to sign some documents, afterwards I had been depositing the rest of Loan before time. Instead of giving me relaxation of any kind I am recieving phone calls from some agency of bank at odd time hours trying to mentally harass me.

Instead of reducing my installment amount bank personel reduced my installments and amount of Rs. 1 Lakh 93 thousand (approx) was deducted as penal charges. Now I have approached bank to foreclose my loan and I was told that I will be imposed 1 lakh 43 thousand as more penal and foreclosure charges apart from my Loan amount.

As you know that I have lost all my money already in my business and I am passing through a critical time and this loan is becoming suicidal for me. So please save me from the clutches of the bank.

Regards

Amarjit Singh

Company: ICICI Bank
Country: India
State: Punjab
City: Amritsar

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