[Resolved]  Tata Capital — Loan a/c: 5006698 : kindly cancel the loan or change the rate of interest to 14% which was committed to me.

Address:

New Delhi, Delhi

This is to bring your kind attention regarding the personal loan account number 5006698 processed by your bank. I was dealing with sales representative sarvotam from janak puri and basant kothari from gurgaon. I have been informed that your loan amount would be rs.175000 with the processing fee of 2% and rate of interest of 14% (Reducing) by them.

But today when i got the disbursed loan amount of rs. 168189 from your bank then i visited your punjabi bagh branch to verify the charges.

The bank representative informed me that the emi would be rs.6504 for 36 months according to 20.57% reducing rate of interest. Which is totally unacceptable.

Moreover, no one called me from your bank to advice that my loan is getting disbursed with the respective charges, emi, tenure, etc

As i have been misinformed by sales representative and mislead by the bank, now either reduce the rate of interest to 14%(Reducing) as discussed initially or cancel my loan.

Regards,
Tarun mendiratta
[protected]