We took loan from cholamandalam DBS bank at mumbai branch. the amount was 25000 but got only 20000 sanctioned. period of loan was 3yrs. we paid almost for 24 months and suddenly recovery agents stopped to come to my house to collect money. one day at noon after 6-8 months suddenly a recovery agent came and said tht there are 8-10 EMI's u hve defaulted, you have to pay tht. then we argued tht the persons who used to come to our house every month to collect EMI's stopped coming b4 6-8 months, so its not our fault n its ur banks fault. then they said to pay atleast 2 EMI's to stop the case frm going to legal deptt. we paid. And after all this is over we came to such a stage tht the bank authority ( name not mentioned due to privacy) called us and said to pay a sum of 5000 to close the loan. the amount was to be paid in 2 months to close and we did as per their instruction. we paid the sum of rs1000 first and a sum of rs4000 in the second month. when we demanded for a NOC from the bank or for a settlement letter confirming our closure of loan a/c from the bank, they told tht we wont be given a NOC or settlement letter and if we want then we have to pay the penalty also which comes to abt 16000 rupees. when we questioned how come this much time penalty, they said coz of chq bounces, but practically its impossible to charge this much amount as penalty for just bouncing of cheques. Then we told the manager tht we had taken only a loan of 20000 and had paid more than what we took. in addition to this they asked to pay penalties ( 16000) to get a NOC.

so we thought we dont need a NOC, n why to pay again this much amount for just for a sake of letter.
today a employee of the bank came n said tht there are 16 months EMI's due and u hve to pay tht coz ur case went to legal deppt.

WHAT A BLOODY NONSENSE IS THIS . WHAT IS THE SOLUTION FOR THIS PROBLEM ?