Corporation Bank — Excess loan amount debited

Address:

636105

We have received a vehicle loan in CORPORATION BANK GUDAMALAI BRANCH on 22.03.2010 in the name of SRI RAMASAMY UDAYAR EDUCATIONAL TRUST; the respective A/C no is CVEHI/01/90004. The loan amount was Rs.8, 00, 000/- and the rate of interest was 11%, the EMI was Rs.17, 400/- per month for 60 months. We have paid 61 months of installment but our account was not closed and it shown excess due. In order to cancel our hypothecation, we have paid that excess amount and closed our account. The statement which we got from bank shows compound interest for our vehicle loan. The total amount we supposed to pay is Rs.10, 73, 716/- but the total amount we paid is Rs.11, 20, 756/-. We request and gave letter to branch manager on 03.09.2015 to verify our account and repay the excess amount we paid. We have calculated the account for the said rate of interest* and attached the copy for him reference also.But no response from the bank till. So i sent mail to deputy general manager on NOV6th 2015 and attach the copy of letter which was already submitted the bank. Please take necessary action to resolve the issue as soon as possible early. Bank contact number:[protected] For further details please contact [protected]