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canfin homes ltd


Consumer complaints and reviews about canfin homes ltd

Oct 22, 2019

Issue with Interest levied on higher amount

I have an account with CanFin Homes Ltd hubli branch, (account number: ############)

There was a pending balance of 2+ (around 210000) lakh amount as per the beginning of the week of September month.

I had given a cheque of Rs.150000/- ( cheque no 144074) which was credited on 04/09/19. The month of September would have 25 more days till the end of the month.

There was some issue with the CanFin bank server and the transaction of the amount 1.5 lakhs was lost, I was asked to provide details to get it added to the statement so that the actual amount is reflected.

Now coming to the Issue:
The interest calculated for the Month of September is Rs.1535/-. This is clearly not correct as the interest for remaining amount for 25 days should have been on the pending amount of loan (which should be at least less than Rs.800/-) which is not the case. And the Bank does not respond correctly to email communications. There was a case where in it was mentioned that it is a small amount just live with it.

Issue with Interest levied on higher amount

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