Bank Deficiencies in services
Hi Everyone,
I need a guidance. I took my home loan from nbfc company. Now I am transferring it to a govt Bank with lower interest rates. I requested them for foreclosure letter but intentionally they provide it to me in exact 22 days( 15 working days) in evening. This way they are not contradicting rbi guidelines as rbi states that foreclosure should be issue within 15 days. However this time delay from bank leads me additional 22 days interest to be paid. Is this fair? Can I do asome complain or any suggestions where I can raise it and expects justice or we have nothing in our hand.
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Issuance of foreclosure letters and takeover of housing loans take time ....
You can fight but since the bank is adhering to the guidelines, nothing will move.
So better move on and focus on getting the takeover done and timely release of property papers from the NBFC company to avoid any penalties and charges due to delayed mortgage creation with the government bank.