Postal Life Insurance — Principal Loan and Loan interest amount is increasing

jaiprakashsonkar

from Indore, Madhya Pradesh

Address:

Katni, Madhya Pradesh, 483501

Sir I taked loan Under PLI Policy No. MP-82021-R Rs.197250/- And Loan interest Rs.9863/- on 17.12.2012 Sir I am payee loan interest Rs.9863/- regularlly till 15.12.2016 from beginng. On Date 15.12.16 I deposited loan interest Rs, 9863/- on receipt is showing Principal Loan Rs.306000 and Loan interest Rs.15300/- Sir, I am payeeing loan interest regularly why Principal Loan and Loan interest is increasing?

Was this information helpful?

No (0)

Yes (0)

Dec 22, 2016

Updated by jaiprakashsonkar sir I taked loan under PLI policy NO.MP-82021-R Rs.197250/- amd Loan interest Rs.9863/- on 17.12.2012 Sir I am payeeing interest only and regularly till 15.12.2016 when I deposited loan Rs.9863/- on 15.12.2016 receipt showing Principal Loan Rs.306000/- and Loan interest Rs.15300/- when I payeeing loan interest regularly.