| Address: | Madurai, Tamil Nadu, 625010 | | Website: | union bank |
Respected sir,
I am jeyakumar residing at madurai, i hereby registering a complaint regarding my educational loan sanctioned in the year 2011. i did post b. sc nursing it is a two year regular degree course in chennai. the principle amount is 70, 000{including two years} i finished my studies in the year 2013 august. i was expected an intimation from the bank but i dint received any kind of post or mail or text messages. last year by december my father personally went to the bank to enquire about that bank loan but no one responded well to my fathers dought most of them were north indians he said (my father). today 12.7.16 my father received a call from union bank saying that i have to pay about 1, 05000 till date and the interest is 14%.
My only concern is 1. when my principle amount is below 80 thousand rupees how come the interest would be 14%?
2. how can they ask the customer to pay around 1, 05, 000 without any prior intimation and notice?
Kindly suggest me what to do, since am in chennai please give an appointment to meet you in person.
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