[Resolved]  Ge Money — FORECLOSURE CHARGE

HI
I THIS I SYOGESH KHATRI, MY FATHER TOOK MORTGAGE LOAN OF 20, 00, 000 FROM GE MONEY 29 MONTHS BACK...EMI WAS 24151 MONTHLY WHICH WE PAID FOR ONE YEAR...AFTER ONE YEAR WE WOOK TOP UP OF 10, 00, 000, , , SO TOTAL LOAN AMOUNT NOW IS 30, 00, 000 AND WE ARE PAYING EMI OF 42112 NOW...6 MONTHS BACK WE APPLIED FOR FORECLOSURE FOR THIS LOAN THEY SAID "BEFORE 12 MONTH OF TOP UP FORECLOSURE CHARGE WILL BE 5% AND AFTER 12 MONTHS IT WILL BE 2%"
SO WE WAITED 12 MONTHS TO COMPLETE AFTER 12 MONTH I PSTED APPLICATION IN GE MONEY AS ON 22ND SEPTEMBER...THEY SAID IT WILL TAKE 10-15 DAYS FOR FORECLOSURE APPROVAL...SO I WAITED TILL 7TH OCTOBER...I HAVE 2 COMPLAINS NOW
1)A PHONE CAME FROM GE REPRESENTATIVE...ASKING WHY I WANT TO DO FORECLOSURE SO TOLD HIM OUR REQUIREMENT HAS BEEN FULLFILLED SO WE DON'T NEED IT ANYMORE...AND HE SAID THAT I[censored] R DOING BT(BANK TRANFER) THEN U WILL BE CHARGED 4% AND I[censored] ARE DOING PERSONAL SOURCE THEN YOU WILL BE CHARGED 2% SO I AGREED TO THEM...THEN ONE ANOTHER CAL CAME ON 14TH FROM GE REPRESENTATIVE ASKING SAME QUESTION HE ALSO SAID YOU WIL BE CHARGED 2% IF YOU ARE DOING FROM PERSONAL SOURCE..

2)THEY GAVE ME FORECLOSURE ON 20TH OCTOBER THAT IS ALMOST 23 DAYS MORE THEN WHAT WE COMMIT ON PAPERS...AND 15 DAYS FROM WHAT COMPANY REPRESENTATIVE COMMITTED...

AND NOW THEY ARE SAYING YOU WILL BE CHARGED 4% FORECLOSURE...BECAUSE POLICY CHANGED...

DUE TO THEM I AM LOOSING 30000 ON DELAY OF THEIR FORECLOSURE AND 60000 ON THEIR POLICY CHANGE AND NOW THEY ARE SAYING NOTHING CAN BE CHANGED YOU HAVE TO PAY AMOUNT IN ANY CASE...

I DN;T KNOW WHAT SHOULD I DO NOW...COZ IF COMPLIAN THEM MY DAILY INTEREST METER WILL B ON..

PLS SUGGEST WHAT STEP SHOULD I TAKE
THANKS YOU
Was this information helpful?
No (0)
Yes (0)
Aug 14, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

GE Money — foreclosure charges

dear all,
i have loan account no gpp[protected] & 11.i i want to close the account.i have sanction letter of 2% closer by gemoney.but lot of mails sent to them & 100 times called to authority of gemoney mr.yogesh.but there is no response.so then i search your website & see that i am not alone victim of gemoney.so please help us .find the soluation because loan amount is bigger.how can i pay ?

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit

    Contact Information

    India
    File a Complaint