Barclays Finance
Egarding rate of interest

Farida Shaikh

Hadapsar Pune

03-09

To,

The Manager,

Barclays Finance

Sir,

RE: Personal loan in my name

Loan A/C no. LC017911001165429

I have taken personal loan of Rs. 1, 66, 300/- from your co. through your agent Mr. Somnath.

While preparing the proposal he assured me that for his loan rate of interest will be 15% on reducing basis.

On 12th of July he handed overme a cheque of Rs. 1, 56, 957/- and at that time also he assured me that rate of interest will be 15% p.a on reducing basis, keeping faith on his words I have accepted the cheque from him, but on 28th July I have received a letter from your company quoting that rate of interest in my personal A/C will be 26% p.a I was surprised and shocked after receiving this letter, in which rate of interested 26% p.a

Sir I wish to bring your notice that Mr. Somnath had made false statements regarding the rate of interest and he was insested me to accept the cheque, I feel he had made this trick to get his commmission from you and one more costumer to complete his target.

In these circumstances i will not accept this rate of interest of 26% p.a if u are going to reduce the rate of interest from 26% p.a to 15% p.a on reducing basis, it will be accepted to me, otherwise I will pay back Rs. 1, 50, 256/- as under

Loan amt. received by me Rs. 1, 56, 957/-

Less one EMI on 04-08 Rs. 6, 701/-

Total Rs. = 1, 50, 256/-

Yours fithfully,

Farida Shaikh.

Company: Barclays Finance
Country: India

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