Loan ( business loan)
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2012
Hi,
I am having existing term loan (against co-lateral )and cash credit in a co-operative bank.
For my emergency business need i took other business loan from HDFC .
The HDFC person were/ is aware of our existing loan of co-operative bank
All the EMI of both the bank ( co-operative , as well as HDFC till date are in routine.
But now the co-operative bank says as per rules we cannot take loan from HDFC.
Kindly suggest .
I am having existing term loan (against co-lateral )and cash credit in a co-operative bank.
For my emergency business need i took other business loan from HDFC .
The HDFC person were/ is aware of our existing loan of co-operative bank
All the EMI of both the bank ( co-operative , as well as HDFC till date are in routine.
But now the co-operative bank says as per rules we cannot take loan from HDFC.
Kindly suggest .
29 August 2012
On what basis Co-op. bank is saying that you can not take loan.
2. What do you mean by EMI in case of cash credit?
2. What do you mean by EMI in case of cash credit?
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Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2012
Thanks Mr Jain for your feedback.
1) Sorry i mean E.M.I OF LOAN ACCOUNT of both co-operative bank and HDFC bank are routine .
2)Co-operative bank says - you cannot take loan ( business ) from other bank( HDFC ),as we have already loan account with co-operative bank.
I want to know is there any such rule ?
1) Sorry i mean E.M.I OF LOAN ACCOUNT of both co-operative bank and HDFC bank are routine .
2)Co-operative bank says - you cannot take loan ( business ) from other bank( HDFC ),as we have already loan account with co-operative bank.
I want to know is there any such rule ?
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