| Address: | Rangareddy, Andhra Pradesh |
To, Date:[protected]
The Bank Manager,
RACPC, SBH,
Abids, Hyderabad.
Sub: - About my “deduction of Loan amount from my Salary A/c”.
Respected Sir / Madam,
I Raghavaraju.Sri Kiran who had been received House Building Loan though you’re Bank with A/C No: [protected], on March 2011. I would like to submit some few lines for your kind consideration.
Sir / Madam as for the records of loan sanctioned papers (Arrangement Letter- Housing Finance) given for us it has been mentioned in the 4th Para, that repayment of the loan amount must be paid.
The loan is to be paid in 228 equated monthly installments of Rs.13, 500/- the repayment installments commences.
a) Two (2) months after completion of the construction of the house / plot after plot hand over, or
b) 18 months from disbursement of 1st installments, where loan is released in installments. Whichever is earlier? or
c) From the next month after the date of full disbursement in respect of out right purchase of land/house/plot extension, repairs, renovation of an extending of house, your liability to the bank will be extinguished only when the out standing loan A/C becomes nil on payment of residual amounts if any.
So as for the above lines, am liable to pay the loan amount. I am not having any problem to pay installments, but “how can I run my family if bankers are deducting whole of sum total of my complete salary”. As I am drawing the amount of rupees -13,560/- as my salary for monthly. If loan amount of Rs.13, 500/- is deducted from my salary account, I can I run my family with Rs.60/- for the month. Please look in to the problem for my sack as I am human being like you with family having “wife and 26 days Baby girl”. I am facing a lot family financial problems.
If I won’t get response or reply for this I will be concern you with legal formalities for all actions. And then I will be not responsible for any thing.
Thanking You,
Yours faithfully
Raghavaraju. Sri Kiran
Contact Address:
R.Sri Kiran, S/o R.Jagannadha Rao,
H.No.213/G, Janapriya Nagar, Phase-II,
Miyapur, RR Dist, Cyberabad.
Ph No: [protected], [protected].
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