Dear Sir, I have availed a rental loan from a public sector bank. On bank side they made a wrong calculation and sanctioned me 40 lakh loan on behalf of my eligibility 25 lakh. Now bank ask to pay EMI Rs 76,000 where my rent receivables is only 50,000. I request the manager to extent the tenure. But he forces to pay 26,000 extra from my pocket. Its a fact that I didn’t have enough money right now. Kindly advise me.
Regards
Dr.Raja