Foreclose charge on cash credit a/c
This query is : Resolved
30 August 2019
I HAVE A CASH CREDIT LIMIT IN BANK NOW WE ARE GOING TO CHANGE OUR BANK AND OUR PRESENT BANK WILL TELL TO CHARGE 4% FORECLOSE CHARGE AND THAN THEY WILL GIVE NOC.
THEY HAVE NOT MENTIONED IN SENCTION LETTER ABOUT FORECLOSE CHARGE AND TELL US TO THAT THEY HAVE MENTIONED IN MASTER FINANCE AGREEMENT. AND TELL ME THAT IF YOU WANT TO CLOSE A/C YOU HAVE TO TELL US BEFORE 2 MONTH OF RENEWAL DATE AND NOW IF YOU WANT TO CLOSE YOU HAVE TO PAY 4% FORECLOSE CHARGES
PLEASE SUGGEST WHAT WE CAN DO
THEY HAVE NOT MENTIONED IN SENCTION LETTER ABOUT FORECLOSE CHARGE AND TELL US TO THAT THEY HAVE MENTIONED IN MASTER FINANCE AGREEMENT. AND TELL ME THAT IF YOU WANT TO CLOSE A/C YOU HAVE TO TELL US BEFORE 2 MONTH OF RENEWAL DATE AND NOW IF YOU WANT TO CLOSE YOU HAVE TO PAY 4% FORECLOSE CHARGES
PLEASE SUGGEST WHAT WE CAN DO
CA R SEETHARAMAN
(Expert)
30 August 2019
You can't avoid such conditions of private banks if that clause is there in the loan agreement signed by you.
30 August 2019
IN AGREEMENT ON THE PAGE OF CHARGES ANNEXURE NO ANY STAMP AND SIGN BY US
CA R SEETHARAMAN
(Expert)
31 August 2019
Did any agreement clause refer charges annexure,
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