[Resolved]  Axis Bank / Personal Loan — loan repayment threats

Address:

Bangalore, Karnataka

Dear Sir,

I have availed of Axis Bank personal loan of Rs 1lakh in December 2008. I have been paying regular emi's of Rs 3204 till June 2009. Due to financial constraints I have been unable to pay my emi's. In April 2010, I have paid a lumsum of Rs 20,000 to the bank to clear on insistence and threats by Bank and their agents. As of May 2010, I am jobless and on lookout for Job. It seems that the warrant against is non bailable and i can penalized for three months. pls clarify

These people including the Mr Rajesh at Kormangala Branch of legal team called up to say that I have a legal notice and asked me to cough up Rs 5000/- . I have pleaded to them that give me two months to clear of the remaining debt.

People have financial problems and bank should be kind enough to handle the issue.

secondly, When i applied for the loan, I have asked for Rs 50 thousand only, but your sales department deposited Rs 1 lakh in my axis bank account. Now see the problem that has arisen. who is responsible for this?

can the axis bank team look into this matter.

regards

Venkat Madhav Kopalle