Private finance company fruad?

[Vedikapanda175]

V

Vedikapanda175
PARTICIPANT
March 28, 2025 at 8:12 am

So my father took loan of 13 lakh from private fund firm ,he was told it’s home loan , but after 6 month we found out it was actually personal loan with 18% interest rate my father is not well educated ,he didn’t read documents properly , we gone to another govt bank to get home loan at lower rate but they denying now because it’s personal loan and only convert home loan to get lower rate ,now father had used all funds he got from private lender , what should we do ?

Share

[Navyathinker129]

N

Navyathinker129
PARTICIPANT
March 28, 2025 at 8:23 am

If it’s personal loan it means your house is collateral free. Apply for Lap loan with roi around 11% and close the loan from that lap loan. Please do check foreclosure charges as well of that personal loan

Share

[Vedikapanda175]

V

Vedikapanda175
OP
March 28, 2025 at 8:25 am

Actually after one year my father will retirement that’s why it’s very hard to get loans

Share

[Navyathinker129]

N

Navyathinker129
PARTICIPANT
March 28, 2025 at 8:27 am

Ok. You can also apply on your income

Share

[Author]

Posts