Need help in settlement of your credit card dues or personal loans?
Facts of the case: The petitioner, Harinder Singh borrowed a loan of Rs.19,17,997/- from IndusInd Bank (Respondent) to purchase one Tip-Trailer from Ashok Leyland. The loan amount was to be repaid in 60 equal monthly installments (EMI’s) of Rs.45,700 each from June, 2016. The Bank had called for an arbitration proceeding in November, 2017. There […]
A. BRIEF FACTS -Complainant took a loan of ₹3,00,000 in May/June 2006 -The loan was issued by Kotak Bank on 26.06.06 -Period of Loan- 30 months due to be paid by Dec 2008. -Mode of payment advanced cheques of ₹12,272. -Complainant decided to prepay whole amount in March 2007 and deposited ₹2,32,526 along with prepayment […]
If you think that paying the ‘minimum amount due’ on your credit card bill every month will help you completely pay-off your credit card bill within few months, then you are on the wrong track. Making the ‘minimum amount due’ payment on your credit card will reduce the outstanding balance of the current month but […]
CASE SUMMARY: In the above case Sri B.V.S.P Choudary who claimed to be the president of All India Credit Card Members Association, A.P. Unit, Hyderabad sent a telegram dated 16.3.2007 stating that Prof. C.L.N. Murthy who is a Scientist at IICT, Uppal Hyderabad was detained by the HDFC Bank recovery agents and the Police Station […]
Small-ticket personal loans (STPL) which a decade ago were the pinnacle of the crisis in a similar segment are back with a bang. This time, they are run by finance companies who use analytics-based software to approve and pay low-value loans. The share of small-ticket loans in personal loans has become five times in the […]
Need help in settlement of your credit card dues or personal loans?
