I hold a Citibank credit card. For that card, Citibank offered me a loan of Rs.58000.00.
For that I had to pay 36 EMI.
But after paying EMI regularly for one year, I got message that Citibank is claiming the rest amount.
When I asked them about this, they say that they issued one link card and I have some dues on that card. So they have
Blocked my original card and claiming the amount.
When I asked them where they have send that link card, they told that they sent that card to my previous office address.
But I left that office before that. I informed them that I have not received that card).
Even, they have not sent any statement for that link card.
After giving loan, how the bank can ask to return the entire amount, if I pay EMI regularly.
(If one has money to refund then why he will take loan?)
E.g. If I take loan of Rs . 2500000.00 From any bank for purchasing a flat or medical purpose.
After giving EMIs for one or two year (Note: Bank deducts very less amount of principal), bank suddenly asks me to return that huge amount
And for that they are giving one reason (either the account I have in their bank, the minimum amount is not there or any other reason).
Then how it is possible to return that huge amount?
Note: EMIs are regular. (not defaulter)
I have paid EMI regularly.
Please suggest me.
0 comments