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Cholamandalam Complaints & Reviews

www.cholamandalam.com
1.1
Updated: Jun 3, 2024
Complaints 227
Resolved
49
Unresolved
178
So far, so good. Cholamandalam is working on building a stronger response system and taking steps to address most of the complaints. While there's room for growth, their efforts show a positive trend in customer support. We hope Cholamandalam will keep up the work and continue to help more customers with their concerns even better 🤝
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Most useful reviews

22
foreclosure charges @ 4% charged
20
NOC Note Relesed
9
Field visit charge (fvc)

Cholamandalam reviews & complaints page 9

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C
chidambaramooooo
from Delhi, Delhi
Nov 27, 2016
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Non acceptance of the my prepaid loan closure dd

Address: Salem, Tamil Nadu, 636014

Regarding refusal to accept the loan taken by me.
Dr.Chidambaranathan Orthosurgeon

Nov 24 (3 days ago)

to customercare
dear sir this is for your kind information thati have taken loan from you and paying very regularly every month.irequested the employes to make my payment by 20/25th of every month.no reply from your side.then subsequently started harassing me at my hospital site-shouting and...
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N
NATHANORTHOCARE@gmail.com
from Coimbatore, Tamil Nadu
Nov 25, 2016
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Home loan

Address: 636014

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regarding non acceptance of the closure of the loan taken by me

Dr.Chidambaranathan Orthosurgeon
8:02 AM (14 hours ago)

to customercare
dear sir this is iam writing from my heart felt feeling as to how much your company employes disturbing me.i wanted to close the loan.i requested to give a closure statement .tthe manager mr sivaprakasam gave after15 days.then subsequentely...
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S
Shubhuy
Oct 13, 2016
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Giving mental harassment

Address: 491441

Dear company.. I want to inform you tht my vehicle is financed by your company in rajnandgaon chattisgarh.. I had payed my all installment regularly my one installment is due of ruppes 9100 your company staff is forcing nd giving me mental pressure of pymnt although i have told them that i will pay by 10-15 days but the are giving me a mental pressure nd harrasing me.. The company staff named abhishek of rajnandgaon chattishgarh is harrasing...
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R
radhikakesavan
from Chennai, Tamil Nadu
Sep 6, 2016
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Pre closure charges

Address: Chennai, Tamil Nadu, 600061

I have registered complaint in your website regarding pre closure charges 4% on 8th august 2016. Thank you for taking early action and got response from cholamandalam. But they didnt settle the preclosure charges till now,

My loan account no is x0heche[protected]. My outstanding amount is rs.4017593, but they charged 42, 22, 7698. Please kindly do the needful....
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L
Laxman1985
from Morjim, Goa
Aug 19, 2016
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Mh14 dm - 2183, solve the problem by create your poona branch and chinchwad branch officer's.

Address: Pune, Maharashtra, 411061
Website: www.cholamandalam.com

Subject:- current status of insurance claim of baburao b shingore

Ref. 1) arbitrator mr. rajeni ramdas notice on date 9 aug 2016. srp/cmp no.400/2016.

2). cholamandalam investment & finance company ltd. chennai letter on date-17.07.2015

3) cholamandalam investment & finance company ltd. chonchwad branch letter on date - 31.08.2015


Respected sir,

I have submitted...
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R
radhikakesavan
from Chennai, Tamil Nadu
Aug 8, 2016
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Foreclosure charges 4% paid for mortgage loan

Address: 600 061

I have taken loan from cholamandalam investment and finance. My loan no is xoheche[protected], name: k. Radhika. I have closed my loan on august 2015. My outstanding amount is 40, 17, 593. But they have charged 42, 27, 128.
I have requested them to avoid foreclosure charges, but they are not allowed to reduce the amount.
I asked them and made call so many times, but no response from them. Please consider my complaint seriously,...
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W
Whoisready To Listen
from Haridwar, Uttarakhand
Jul 31, 2016
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Concealed corruption at every level

Address: New Delhi, Delhi, 110026

Chola mandlam finance is showing eye catching results to create image in the market of a high performer but professionals working in it & out sourced agencies involved are managing the whole show under the guise of financing with ugly corrupt deals enforced on consumers before handing over any loan. Properties are overvalued & handsome hair cuts are taken by the staff of chola mandlam. This is simply rot. It is disgusting to find very old...
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D
dharmin
from Mumbai, Maharashtra
May 18, 2016
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Not passing insurance claim

Address: Mumbai City, Maharashtra, 400019

I had banged my car when i was taking it out of the car lift in the morning on 9th may, 2016.
Immediately i started the process for taking the insurance claim for the accident that happened.
once the complaint was done and along with all the paper work i gave my car for repairing.
The insurance agent said that the claim will be passed within a week. After the checking made by the cholamandalam officer regarding the matter...
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N
NTC
from Delhi, Delhi
Apr 28, 2016
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Foreclosure letter not received

Address: New Delhi, Delhi, 110007
Website: www.cholamandalam.com

I requested for a foreclosure letter (Dated 8th march, 2016), details pertaining to which are as under: -

Loan account no - x0hedhe[protected]
Loan amount[protected]
Emi (Rs.) - 259954/-
Tenure - 156 months
Sanction date - 31st january, 2011

Loan account no - x0hedhe[protected]
Loan amount - 8500000
Emi (Rs.) - 119486/-
Tenure - 144 months
Sanction date...
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Hiteshwar Chauhan
from Noida, Uttar Pradesh
Mar 19, 2016
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Car seized without any intimation

Address: 600001
Website: www.cholamandalam.com

Hi team,

As a daily routine i (Hiteshwar chauhan) was going to my office (Hcl business services, noida) in my car (Swift ldi, colour - white, registration number - hr 51 aw 8969) around 11:00 am on 17th march 2016 and, then suddenly a car stopped in front of my car near sai mandir sec 71 noida.

Three people came out of the car and said that we are from cholamandalam and you have not submitted instalments of...
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P
P kiran narayana
from Hyderabad, Telangana
Feb 25, 2016
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Regarding transfer of my pf amount employee ID K164

Address: Chennai, Tamil Nadu, 600032

I am following up with company management for almost 3 years for my PF transfer but they are not bothered to respond. Please help....
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S
shyamagarwal91888
from Pune, Maharashtra
Jan 21, 2016
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Foreclosure charges

Address: Pune, Maharashtra, 411038
Website: chola.murugappa.com

Dear Sir, I Shyam Agarwal have taken a mortgage loan from CHOLAMANDALAM INVESTMENTS AND FINANCE COMPANY LTD. of Rs. 64, 00, 000/- & 25, 00, 000/- in 2011 & 2015. Sir i have been paying my Emi"s timely upto now but now i want to repay the balance amount & close the loan account. For that CHOLA is charging me 2% foreclosure charges on outstanding amount. As per RBI"s rule pre closing charges or foreclosure charges cant be taken but these people...
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D
DevPandey
Dec 19, 2015
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Loan account closed at Head office dues cleared, But local Branch asking for settling money for NOC (1.5 lac)

Address: Thane, Maharashtra, 400607
Website: www.cholamandalam.com

This was regarding the vehicle loan which we took from Cholamandalam finance few years back. We closed the loan with all dues in 2014. The customer care confirmed the closure of the loan and issuance of NOC from Cholamandalam head office on 17th May, 2014. When we approach the branch office in Thane branch for the same, they denial for the issuance of NOC and closure of loan and ask for some settling(from 1.5 lac to 50K now) money. They...
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N
Nagaraj Ramakrishnan
from coimbatore , Tamil Nadu
Jul 21, 2015
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Regarding forecaster charges

Address: Coimbatore, Tamil Nadu

I r.Nagarajan trichy road olyumpus ramanadhapuram coimbatore t.N.Has taken a home equity loan no. Xohecoi[protected] dated, 28.3.2014 for 22000000 at the rate of 13.8% and payed 16 emi without any cheque bounce, bajaj finance offered at takeovr of loan at11.75%.I applied for forcloser of loan now chola has charged 4 % as forecast charges as per rbi role rbi role rbi 2014 -15/121, dnbs ( pd ). Cc.No.399 / 03.10. 42 / 2014-15. All non banking...
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N
Nagaraj Ramakrishnan
from coimbatore , Tamil Nadu
Jul 20, 2015
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Foreclosure charges

Address: Coimbatore, Tamil Nadu

I r.Nagarajan 1776 trichy road olyumpus ramanadhapuram coimbatore t.N.Has taken a home equity loan no xoheco[protected] .Dated, 28.03.2014 for 22000000 at rate 13.8.At a fourcloser of 4% if take over or 2% for own fund for purchasing a house in bangalore and i have paid 16 emi without any cheque bounce, bajaj finance offered at 11.75 takeovr of loan now chola has charged 4% as forecast charges rs 9583391.75.But as per rbi role rbi/2013_14/582,...
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B
Banwari Jandu
from Etawah, Uttar Pradesh
Jul 16, 2015
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employ not risponse

Address: Jaipur, Rajasthan

sir mene phulera branch m loan ke liye aap ke branch m kam krne wala din dyal ko aj 10 din se 2 truck pr loan krne ko bol rha hu jo aj kal ka kam leta h pr phone rec nhi krta h kam se kam ans tho de m kehi or se kra luga loan ap ki company ki frji h or wo kam krne wale bhi mera phle 1 loan chal rha h use bhi bnd kr do fir use chlau q kr rkha h aap se kuch ho or kr sko usko tho krna nhi seleri tho mil rhi h bindas rho or uska din dyal ka no...
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C
combinedtelecom
from Delhi, Delhi
Jun 24, 2015
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Loot of Prepayment charges of Loan Violation of RBI GUIDELINES

Address: New Delhi, Delhi

On 7th December 2013, I was sanctioned a loan of Rs. 1, 25, 00, 000/- (Rupees One Crore twenty five lacs) by Cholamandalam Investment and Finance Company Ltd. carrying the Loan Account no. X0HEDHE[protected]. I gave an application for closure of loan dated 16th April 2015, company provided me the letter dated 28.05.2015 in which they have expressed the calculation of the total amount payable as Rs. 1, 22, 34, 858 which includes 4% of pre-payment...
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M
manjunathg1977
from Bengaluru, Karnataka
Feb 16, 2015
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complaint against cholamandalam bank for pre closure charges

Address: Bangalore, Karnataka

SIR I HAVE TAKEN A HOME LOAN IN CHOLAMANDALAM BANK BANGALORE BRANCH IN 2012 AND NOW I WANT TO CLOSE THE LOAN THAT IS PRE CLOSURE AND I APPLIED FOR PRE CLOSURE LETTER AND THEY GAVE ME PRE CLOSURE LETTER WITH OUTSTANDING AMOUNT AND PRE CLOSURE CHARGES I REQUESTED THEM THAT ACCORDING LATEST RBI GUIDELINES THEY CANT CHARGE PRE CLOSURE CHARGES BUT THEY ARE SAYING I HAVE PAY PRECLOSURE CHARGES I HAVE NO OTHER OPTION SIR SO PLEASE HELP ME OUT...
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C
Chanchal sengupta
from Kolkata, West Bengal
Jan 12, 2015
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Resolved

NON RECEIVED OF NOC AGAINST PL.A/C.NO.XSEGSIL00000224925

Address: Darjeeling, West Bengal

After depositing @Rs. 43, 420=00 vide MR.No.932264 dated 13/01/2009 as full & final payment against my PL. A/C.No.XSEGSIL[protected], till have not received NOC letter for the same from your end. So, please arrange to sent NOC letter against the same at your earliest, Through my email address- [protected]@yahoo.com or my home address-Chanchal Sengupta, H/Name.-"Ramkrishna sarda Maa Niketan" South Deshbandhu Para (Near Pipe Line)...
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I
Irfan Piludiya
from Morbi, Gujarat
Oct 29, 2014
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NOC Note Relesed

Address: Morbi, Gujarat

dear sir/medam My name is imran h piludiya i take loan of my tata ace vehecal no.GJ03Z 6071 and i m regulare paid Emi. my loan a/c No.XSHUMOR[protected]. i m a loan for closed dated.19/09/2014 Receipt No.13128592 full o/s amt paid Rs.63800 paid thruv case in morbi branch incharg prabhu solanki. the branch incharge sayed your NOC we relesed by whithin 15 days. and not any information from my grunter loan emi pending. and after 2 days inform...
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