[Resolved]  LICHFL, Thanjavur — Not informed about increase in EMI

Address:

Gurgaon, Haryana

I took my loan last year. When the loan got approved, I tried to avail it within 6 months from then. However, the agent asked me to re apply for the loan as it had been three months since we got our loan. We needed the loan urgently and we knew that he wanted to make money for himself however, we kept quite and reapplied as asked by him. We paid the file charges twice.
He told us that the EMI will keep increasing with the funds released. We gotta call in the month of Feb that we had an outstanding balance of appx 6K. We requested for some documentation to explain it but never got anything. Finally we went to the LIC office ourself and discovered that we had 30,000 due and if we did not pay it, we will be in the defaulters list. We ried to explain that we had never been given this information ever. We were not even send a single letter or a phone call informing us that now our installment will increase to 20,000 a month rather than 6600 which it was earlier.
We gave them a chq for the 5th of the next month and to make things worse, they presented it on the 2nd of Mar. to save our cr history, we had to put a stop on the chq. Now as it is the end of the financial year, we are getting calls from LIC agent threatning us to clear the amount before the 31st else we will get a legal notice, we will have scary collection guys coming to our place and harrasing us, we will have a defaulter letter stuck outside our house and so on.
We have never refused to pay the EMI its just that we have asked for time till the 10th April to come up to date however, we are nt getting any cooperation.
Please advise.