Canara Bank — Deduction of excessive processing fees towards housing loan

Address:

MCGM

Respected Sir

1. With due respect and humble submission. I would like to inform you that My wife Smt Swati Keshav Darekar has taken housing loan from Canara bank Andheri West branch.

2. It is pertinent to mention here that approx Rupees 50, 000/- has been deducted by the bank towards processing fees to include legal and technical charges.

3. Moreover, it was not explained or briefed by the bank officials of Andheri branch prior applying and also by RAH Borivali West branch too that we will have to paid such huge amount on account of processing fees.

4. It is not understood that this is procedure of banking or a business wherein bank gives such bills to the loanee and insist the loanee to deposit such fees otherwise no loan will be released. Hence, except Rs.16650 towards registration fees with sub registrar office. It is requested to credit the amount deducted against the processing fees as it suppose to be bared by the bank itself.

5. In view of the above facts and to avoid further legal complications, kindly do the needful at the earliest without any further delay please