CAR LOAN Complaints & Reviews

Dear Sir

I have take a car loan from ICICI Bank two years ago and wish to foreclose the same. The bank is asking for prepayment charges of 5.52%. Please can you let me know whether the bank can now impose any charges on prepayment. I hear that as per the new decision of the Supreme Court or may be the competition commission, banks can not charge prepayment charges. The loan is Indore (MP) based. Please do let me know at the...

Hi,

I got loan from SBI for purchasing car and it was told that the interest rate will be 8% for the first year and 10% for 2nd, 3rd year respectively. The loan amount I got is 4.6 L and the tenure chosen was 7 yrs. The tenure they are showing now is of 5 yrs even though the signed document shows 84 months.

I've sent repeated mails to mgrracpc.[protected]@sbi.co.in but there is no response.

A/c...

I FINANCED MY CAR THROUGH ICICI BANK BUT DUE TO SOME BANKING PROBLEM I SHIFTED MY LOAN TO RELIANCE CONSUMER FINANCE. NOW I PAID ALL AMOUNT TO RELIANCE CONSUMER FINANCE. AT THE TIME OF GIVING N.O.C. RELIANCE CONSUMER FINANCE TOLD ME THAT HP/LEASE(PRINTED ON R.C.) STILL FROM ICICI BANK, SO THEY WILL PROVIDE YOU N.O.C. I DON`T HAVE HAVE LOAN ACCOUNT NO. WHICH I WAS AVAIL FROM ICICI AND WHEN I ASK FOR N.O.C. FROM ICICI BANK, THEY TOLD ME THAT...

I have taken new car loan in April 2009 , from Kotak Mahindra Bank for amount 295000/-. In October last week I sold my car due to finacial problems to me. At that time the Kotak Bank has taken 5.75% of principal (273000)remaining. My strong complaint is that why they have taken RS 16000/- i.e 5.75 % of principal from me.

This is looting to customer . Even though they have mention this in their agreement it is not justified...

hello,
my name is B.MOTILAL i am working as asst.excises supt govt employee. i applied for car loan in sbi bank sec.bad but my loan got rejected . when i consulted the bank people they said cibil problem as u have to pay 5,800 rp it seems . i was shocked i really need the details about it. pleas give me feed back if you give me your contact number atleast i would consult you ppls and sort out my problem. sbi person gave me the refreence...

SIR,
HELLO.
I AM SURESH NAGENDRA ICICI BANK INDORE BRANCH CUSTOMER MY CAR LOAN ACCOUNT NO. LUINDOOOO4063768. MY ACCOUNT IS CLOSED JULY 09. MAINE OFFICE SE NO DOUS MANGA TO UNHONE 15 DINO ME GHAR PER BHEJNE KA KAHA THA .KINTU ABHI TAK MUGHE PRAPT NAHI HUA HAI. DOBARA MAI 19 AUG KO OFFIC GAY TO UNHONE 500/- ME NOC DENE KI BAT KAHI HAI.JABKI MERA ACCOUNT PURI TARAH SE CLOSED HO CHUKA KAI .
PLEASE KINDY SEND ME NOC .br...

This is complaint against collection agents working for HDFC Bank, who keep on calling me and my daughter and use abusive language and do lot of illegal harassment, and mental torture. Bank authorities were enable to change my EMI bank from HSBC to CITIBANK after change of my service though I have given ECS change form and security deposit cheques twice to the so called bank people(which might be same agents). There is no control who collects...

Dear Sir,

This is with refrence to my loan application number BR/4324/CL/09-10/34 with state bank of India, my loan application is rejected due to CIBIL report in which it is mentioned that my "One loan account is overdue by Rs.13772" but no details of that loan account is given, you are requested to provide me the details of that loan account immediately.

Thanks & Regards
Rajneesh Bhardwaj...

Dear Sir,
This is in referance of your Letter dated-20th-June-09, Regarding 2nd Instalment of my car loan no-1465917 taken from your bank,
1st instalment paid by me thru ESC THRU SAME MY ACCOUNT NUMBER AND SAME BANK WHICH i GIVEN Earlier to your bank branch, AS per your letter shows that my bank refuse your debit request .
pl you just see what account number your bank present in my bank-that was roung, this mistake...

My loan a/c no is AUTO-LOAN Account No. 720397. I have paid my last instalment of car loan on dated 17.07.2007. But still the no dues certifiicate is not received. I have written letters earlier also. Please send the no dues certificate at earliest.

Radha Mohan Maharwal...

i had car loan with HDFC bank. and payment is clear on 27/12/08 . loan ac no 2226753 customer name is ujendra patel but from ur employee mistake they can write my name vjendra patel so that why have been facing problems while applying for N o c with my name ujendra patel plz solve this problem from last 3 month i am apply noc at least 20 times...

WE HAVE TAKEN CAR LOAN AND OUR LOAN ACCOUNT NO. IS LADEL[protected].
AMOUNT IS REGULARLY DEBITING IN OUR ACCOUNT NO. [protected] WITH VIJAYA BANK NARAINA.
DUE TO SOME ERROR IN YOUR SYSTEM OUR COMPANY ACCOUNT NO HAS BEEN CHANGED IN YOUR SYSTEM AND SENDING E.C.S. IN SOME OTHER ACCOUNT WHICH IS NOT OF OUR COMPANY. INSPITE OF SEVERAL COMPLAINTS TO CUSTOMER CARE THEY ARE NOT READY TO ACCEPT OUR COMPLAINTS AND NOT READY TO CORRECT...

Dear Sir,

I Sunil Kumar Malhotra had purchased a Maruti Wagon R DL9CN9449 which was financed by Mahindra & Mahindra Financial Services Ltd. having aggrement number 822278. Since last 3-4 days i am receiving calls from recovery department of your company & they are compelling me to pay the EMI's Cash to them even i have submitted my PDC's to the company. When i asked about the reason of taking cash they replied...

I HAD TAKEN A CAR LOAN FROM RELIANCE CONSUMER FINANCE ABOUT THREE MONTHS BACK, MY CONDITIONS WERE THAT I NEEDED THE LOAN FOR A TENOR NOT LESS THAN FIVE YEARS, ONLY IN THAT CONDITION I WENT IN FOR TO TAKE A LOAN WITH RELIANCE. THIS WAS PROMISED BY THE AGENT WHO HAD PROCESSED MY LOAN APPLICATION. ONCE MY CAR WAS DELIVERED AND I RECEIVED THE AGREEMENT FROM RELIANCE, IT STATED THAT THE TENOR WAS FOR THREE YEARS AND MY emi WAS MORE THAT RS 16OOO....

I had a car loan no:LACHE[protected] and had sanctioned for a term of five years and the loan amount was three lakhs.On completion of approx two and half years of repayment by EMI, had approached icici bank santhome for foreclosure on 22nd of SEP and was intimated the existing amt is Rs:152, 959.55, the said amt was arranged and as i was working at out station had authorised my father for foreclosure.Subsequently on approaching on 29th sep...

Dear sir,
it is shameful to inform dear sir that i had applied for car loan at your Bathinda branch.Unfortunately it gave me the bad experience in my life and i would never recommend to any one for any kind of dealing with your bank.i have hear ted by your employees not giving answer and not picking the cell which company has given to attend the customers .kindly convey my message to send back my documents today only and do not call...

R/S
I took loan from your bank for car maruti 800cc which has been paid through all the PDC of state bank of india (mandi dabwali) .But still the bank is demanding RS 2700 from me. Ivisited your bank to solve the matter dated 5/9/08, but i was shocked that behaviour of mr Rajesh (manger) as told by sonu employee of the bank, was very abusive and moreover he was blaming his boss mr manmohan singh that he must have used the funds(bribe).Matter...

sir,
i wish to inform you that my cousin mr.santanu mukherjee, a resident of 18/B.b.r.g.g rd, bhadrakali, uttarpara, westbengal, hooghly district has applied for a car loan of amount 3lakhs with an emi 6720 for 5 years .infact his loan got sanctioned on 12.08.08 but unfortunately on that very day he died in a bike accident at howrah, his identification no was AU[protected] DEALER was j.j automobiles limited park street kolkata.br...

I have availed as on date 4 car laons and am a customer of the bank from the begining of your Nashik Branch. one used car loan I m availed account no.2389278 of Rs. 2, 72, 000.00 on 22.3.06 and prepaid the entire loan on 23.8.07. I have called sevral time to your office and visited 2 times and meet Mrs. Poonam for the same! I m sorry to inform even after nearly one year I m just follow up and follow up and follow up !!!

A Bank...

Dear sir/madam,

Subject : Non Clearance of Car Loan Part payment Cheque issued.
Ref : 1)My Car loan A/C No. [protected]
2) ICICI Bank Cheque No. 212536 dtd. 04.03.07 for Rs.50, 000/-
3) My ICICI Bank A/c No.[protected]

I had issued a chque payment amounting to Rs.50, 000/- vide my personal ICICI bank cheque # 212536 dtd. 04.03.08 towards part payment...

To,
Head of Customer Care
Car loan ICICI Bank

Subject: Complaint for our cheque change.

Sir,
I am Virendra Kumar Dubey our Loan Account No. LAJBL[protected]. Dated 01/08/03 from Jabalpur Branch, Mob. No. [protected].
Sir I received a phone from ICICI Bank Dated 03rd May for our Cheque Bounce. He told a cheque no. and Sindicate Bank Jabalpur.
Sir I have only one account...

March 13, 2008.


The Manager,
ICICI Bank,
Car Loan Division,
Kolkata.


Dear Sir,


I have taken a Maruti Omni car (No: WB-58 B7572) from M/s. R.P. Enterprises, 37/B, Latafath Hossain Lane (Beliaghata), Kolkata – 700 085 on hire purchase basis, for which ICICI bank car loan division ( vide loan a/c no. LUCAL [protected] ) had financed me....

Sir,
I took loan from Gemoney (from your Ajmer office in Rajasthan) for car purchase and my loan was completed in Setember, 2007,
During loan recovery two times the installment was not able to submit on 7th of respective months at present I do not remember.
I will give you complete detail if you want,
The reason was that day the day was Wednesday and bank has weekly rest, and it was also mentioned in all the given...