[Resolved] Bajaj Auto Finance Ltd — hidden info regarding number of EMIs | |||
Dear Sir, I would like to bring to your notice the following facts and figures:- (i) Total Value of the vehicle: dt: 26 Mar 2009: Rs. 45, 465/- (ii) Down Payment made 25&26 Mar 09: less- Rs.16,045/- : [protected]------ Balance amount : Rs. 29,420/- [protected]------ (iii) Loan EMI as told by your reps: Rs. 1885 X 20 months = Rs. 37,700/- (as per your statement the amount is Rs. 1885/- X 24 = Rs. 45, 240/-) (iv) Advance 4 EMIs paid: Adv cheque given: less = Rs. 7,540/- [protected]------ Balance amount : Rs. 30,160/- [protected]------ (v) EMI Paid from:06.05.09 to 06.05.10: 13 EMIs = less Rs. 24,505/- 13 EMIsXRs.1885/ = Rs. 24,505 [protected]------ Balance EMI to be paid: Rs. 5,655/- [protected]------ (vi) Therefore the balance THREE EMIs to be paid Rs. 1885 X 3 =Rs. 5,655/- Only As per your given statement the amount is Rs. 1885/- X 24 = Rs. 45, 240/-. It is seen that the Number of EMIs are mentioned as 24 as against 20 EMIs told to me while taking the loan. After that I have not received any statement. I have approached the dealer place and asked. the reps who had discussed this did not even bother my request. After repeated emails I got the statement. In view of the above I have to pay 3 EMIs i.e on 06 Jun 10 , 06 Jul 10 & 06 Aug 10 Only = Rs. 5,655/- Bajaj Auto fianance reps told that 20 EMIs including the 4 Adv cheque. And hence 16 EMIs to be paid by me through ECS from my acccount. Dealer place : Jai Bajaj, Jai Autos, 110, Arya Gowder Road, West Mambalam, Chennai - 600033. But, now its seems to be a cheating and hiding information to the customer while giving loan, telling something to get the order. Which is ridicules. I have all the bills paid to the dealer and the handwritten paper given by your reps while discussing the loan amount. with regards, (K Rangarajan) Ex-Sgt, Indian Air Force No: 766770-A Ex-Servicemen Card No:TN[protected] Cell:[protected]. Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
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+91 79 6607 0373
+91 79 6607 0372
2nd Floor, Pushpak Building, Above Bajaj Probiking Showroom, Panchwati Cross Road, C G Road, Ahmedabad, Gujarat, India - 380009
EMI's — Finance Papers not received after completion of EMIs
I had purchase a HCL computer on 23/5/2008 in the name of Mr. Nirmal Bharti R/o. E-266, New Ashok Vihar, Delhi through Your Delhi representative Mr. Sorabh from finance department but i had not received any document related to Loan taken. Even after completion of Total EMI's i had not received any document. hence you are requested to kindly sent the papers as i have to filed my return before 31/7/2009