Home Loan Recovery: If a bank threatens the customers in case of non-payment of loan money, then the customer can complain to the police and ask for penalty for himself.
Agents cannot forcibly recover loan
If you have taken any kind of loan from bank loan and you are not able to repay it, then you do not need to panic. Because now even the bank cannot trouble you if you do not repay the loan. Because you also have some rights. Which you should know about. If you do not know your rights, then here you are giving information about all the rights related to the bank. After which no bank employee can harass you. Let us tell you that often people take loan from the bank for their big needs like buying a car, education loan for children and marriage, business loan and home loan. Nowadays, banks also keep offering different types of offers to attract customers towards them.
It is worth noting that loan is a big financial responsibility. You have to pay the loan EMI on time every month. If a customer does not return the loan installment by the fixed date after taking the loan, then in such a situation banks start sending calls and messages to the customers. It has been seen many times that the recovery agents of banks are intimidated and threatened in the event of not sending money to the customers. If something like this is happening to you too, RBI has made some rules on this matter. If a bank threatens customers in case of non-payment of loan money, then the customer can complain to the police and ask for penalty for himself.
In this situation you can complain
Banks have the right to recover the money given in the form of loan, but for this they have to follow some rules made by RBI. The bank officer or recovery agent can call the defaulter only between 7 am to 7 pm. Along with this, the time of going to his house is also from 7 am to 7 pm. If a representative of the bank comes to your house other than its time, then you can call and lodge a complaint.
no one has the right to misbehave
If a customer does not deposit the installment money within the next 90 days, then the bank issues a notice to him. After this, again 60 days are given to deposit the money. Even after this, if a person does not deposit the money, then the bank can recover his money by selling his mortgaged property i.e. house, car. If you have taken a loan from the bank and you are unable to repay it, then the bank can contact you for its recovery, but no bank officer or recovery agent has the right to misbehave with any customer. If someone harass you mentally or physically then you can complain to the bank.
English News Headline : Bank can not able to bother even if the loan is not repaid
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