Reserve Bank Of India (RBI) — foreclosure charges by fullerton indian ltd(NBFC)

Address:

Alwar, Rajasthan

Sir, i shiv shankar sharma having a person loan no.[protected] of Rs. 150, 000/- from fullerton india ltd. dated Feb. 2014 and after paying 10 EMI of Rs 6450/- i want to froeclose my loan but fullerton asking me to pay 7% foreclosure charge wherein i have asked them to go throuth the RBI circular dated 14 July, 2014 in which RBI has cleared that no foreclosure charges will be applicable on personal loans. But after that fullerton india refused to waived the foreclosure charge and given me detail to deposit all momey with foreclosre charge.which is as below[protected] We regret to inform, you that we will be unable to provide you any waiver on the foreclosure charges. We wish to inform you that the foreclosure amount applicable on your loan account as on date is INR. 1, 40, 672.03. The detailed breakup of the foreclosure amount is mentioned below for your reference. Particulars Amount in INR Total outstanding 1, 30, 884.09 Foreclosure charges (@ 7% of outstanding principle) 8, 711.24 Service Tax on foreclosure charges (@ 12.36%) 1, 076.70 Total Foreclosure Amount 1, 40, 672.03 Please note that the total foreclosure amount is subject to change as interest is accrued on a daily basis. All payments towards your loan account via cheque/DD are to be made payable to “Fullerton India Credit Company Limited”. So please help me out of this problem and do needful for me. i will wait for your positive reply.. Shiv shankar sharma Near Police Line, Moh.chitawan Alwar (Raj.) [protected]