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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2018
i have taken a KCC from BOB two years ago and not paid any interest till date . today received call from manager of bank that you will be charged interest @15% in year 2 and penalty also to be levied. what i should do have no money to repay loan now they asking for full repayment. interst @ 15% is justified or not tell me?
12 August 2018
The bank is justified in asking repayment of loan availed with interest and penalties for late payment.
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