L&T Finance Ltd
Non payment of interest on the excess payment taken against pre-closure of vehicle loan

I have purchased vehicle from the L&T finance Ltd. through my office.

The pre-closure amount for settlement of loan was informed by the company and say X amount is taken from me for NOC.

Later on, on rechecking, the final amount was less than the accepted amount, say Y..

The difference of Invoice value against payment collected by finance company was supposed to be returned by the company, immediately after finalisation of account ; which was not informed earlier.

Now, after asking for the refund of difference amount X-Y is being returned by the company without

any interest.

Please let me know, if I am eligible to get the interest on the refund amount; which was with the finance

company for more appox. 3 months; after encashment of cheque for X amount by the finance company.

Please advise and revert.

Thanking you in anticipation.

(VINOD B. HEDAOO)

Mobile: 9165570906