Canara Bank charges ‘excess’ interest on home loan, father and son win Rs 1 lakh

The father and son took a housing loan from Canara Bank in 2014 and allegedly repaid the entire loan amount prior to the loan repayment schedule.A Hyderabad consumer commission has directed Canara Bank and two of its officials to pay a father-son duo Rs 99,996, after finding that the bank charged excess interest on their Rs 20 lakh housing loan and failed to refund the entire amount.