I am writing this review to just pass my experience with all of you guys with proof, I taken home loan( account number 1336) of amount 1122000 before 4 years( in 2011) for 240 month tenure and after 4 year my loan status is 1106000 pending and the pending tenure is 255 months.
That means I paid around 5, 77, 456 interested and 20000 principle in last 4 years but still I have to pay EMI for next 21( 255 months) years.
When I ask them( shejal rane) for reason of the same then they responded that this is system and we cant do any changes.
Exact amount detail is as below:
Loan started/ Disbursement Date: 25/06/2011
Loan Sanctioned(`): 1122346
Sanctioned Period: 20 Years which is 240 months
EMI(`): 12447
Loan paid: 4 years which is 48 months
Amount paid till date - 5, 97, 456
Balance Period: 256 Months which is 21.3 years
Balance amount: 1095342
Principle paid in 4 year: 1122346 - 1095342= 27, 004
Interest paid till date: 597456 – 27004= 5, 70, 452