[Resolved]  Oriental Bank Of Commerce, 25 Brabourne Road, Kolkata - 1 — HOUSING LOAN - EXCESS INTEREST CHARGED RS.51037/- TILL DATE

Sub : Request to reverse the interest entries towards charging of interest wrongly based on flexible rate instead of fixed rate of interest as per the agreed terms.

Ref : HOUSING LOAN A/C NO.[protected] LN-19900;
Sanction & repayment of Loan towards my building at 823 Block-P New Alipore, Kol – 53.

With above reference & further to my earlier letters dt.3.5.07 & 29.4.08, which remains unresponded till date, please note that the total loan amount sanction to be Rs.15 lacs (Fifteen lacs) against repayment by 60 (sixty) equal instalments of Rs.30000/- (Thirty thousand) each i.e. total Rs.18 lacs (Eighteen lacs) to be repaid including PRINCIPAL + INTEREST applying fixed rate of interest @ 7.5% (Seven & half percent) & same is clearly indicated in the agreement. Further a copy of the agreement letter is being enclosed for your ready reference.

However from the current a/c statement recd at our we find that an excess amount of Rs.51037/- has been charged to us as detailed hereunder :-

Total amount to be repaid as per agreement : Rs.18,00,000/- (Principal + Interest)

Amount paid by us till date : Rs.17,46,949/-

Balance outstanding amount : Rs. 53,051/-

Balance outstanding amount as shown in your statement : Rs. 1,04,088/-
i.e. Rs.51,037/- excess charged till date

You are once again requested to re-check the entire calculation & the a/c statement till date & credit my a/c for the excess amount of Rs.51,037/- charged till now.

Further I propose to the square-off & settle the loan a/c by making an advance payment of balance outstanding amount of Rs.53,051/- immediately & request you to send a written advice to me in this regard & the amount to be paid max within 24 working hours from the receipt date of your advice at my end.

Please note that in this regard I am regularly discussing / reminding the matter to you for past more than one & half years but till date you have not taken any action nor you are denying action as a result of which matter is being delayed indefinitely & deliberately which we never expected from a bank of your repute.

Your urgent action in this regard is once again requested & please treat the matter as extreme urgent.

Please acknowledge receipt.

Thanking you,
Yours faithfully,

Bajranglal Sethia
[protected]