I have taken a housing loan for Rs.400000/- from AIG Home Finance India Ltd (formerly known as Weizmann Homes Loans) during the year 2005, EMI beginning from November 2005 and paid EMI of Rs.4382/- every month, with and without due, till date, apart from the seven (7) EMI due since dispute with Bank.

I had approached the Bank for One Time Settlement (OTS) recently. They gave me a final figure of Rs.398183/-, which comprise of outstanding principal Rs.372015/- and Rs.30551/- overdue instalments (less Rs.4383/- advance EMI paid at the time of issue of loan) as on 6th August 2009. This settlement figure does not include foreclosure charges of Rs.12310/-, penalty charges Rs.14078/- and accrued interest Rs.955/-. The total amount now payable is seen as Rs.425526/- as per account.

The Bank does not supply me with the statement of account for the entire period. On my last request, in 28th July 2009, they mailed me a statement from 01.01.08 to 31.07.08.

Kindly help me settle my loan in a fair term and advice me regarding same.

Dear Sir,

For any help regarding one time settlement or pre closure of loan it's better to send your request to the Head Office of the Co. Pls. send a request letter to the Chairman and Managing Director of the Co. as soon as possible.

Regards,
Advocate
consumercourt.in

Dear sir,
I was taken loan from urban co-operative credit society ltd. credit society collect 10 blank checks from me. my accout is go in non performanc account. So they have write one check of whole amount of loan with interest. Check was bounced. Credit society filed criminal case under section 138 negotiable Act. But dist. court dismissed case. But I want to settle this matter I wish to clear loan one time original amount. I have not money to clear loan. but societ is agree to settle my matter. please guide us.

Yours Faithfully

Ramesh Dehedkar