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Fullerton India - bank loan

 
14 Reviews
User
  p. vijay kumar
From,
P. Vijay kumar,
No.C-39, Adithya Apartment,
Muduchur road,
Tambaram west, Chennai-600045.
To,
The Banking ombudsmal,
RBI, Chennai
Dear Sir,
I wish to bring to your kind attention that I had taken a loan of Rs.21653.00 (Twenty one thousand six hundred fifty three only) from fullertone India credit company ltd (A NBFC) tambaram branch on 26 march 2008 repayable at the rate of Rs.1650 pm for a period of 24 months (1650 X 24=39600.00). The loan A/C no. 006525000018920. The EMI Promised by the financial company at the time of issuing the loan Rs.1450.00. This by itself was a breach of promise.
They never issued me a loan sanction letter, which by itself is deceit full in nature.
After paying eight installments I found the intrest too heavy some a burden to carry and spoke to the authorities concerned in the NBFC. A compromise formula was worked out, where I was asked to Pay Rs.10000.00 (Ten thousand only) as a full and final settlement. This I obliged through a payment of cash for Rs.10000.00 made on the 26th of December 2008.
The very fact that they had a accepted Rs.10000.00 even while the EMI was on very clearly implies that they had come for a settlement.
When I asked for a settlement latter, they were not willing to give it. All they did was to write the words closure in the receipt that they gave to me for Rs.10000.00.
From the very next day onwards they started harassing me in private and in public during odd hours and during office house by threatening me and my family with dire consequences if I do not repay back alleged the balance immediately.
I spoke to a person by name MR. MUKUND in their office and he promised me that the 5 cheques that I had given to them would be returned with in 40 days.
Till date I have neither received the settlement letter nor the 5 cheques that I had issued them. The hounding, the harassment and the abuse takes place on a daily basis even now.
Because of the abuse in public I have lost all respect in society.
The mental torture that they give and the physical threatening posture of theirs is driving me any my family towards insanity and suicide.
I earn a monthly salary of Rs.6000.00 only and I have a wife and two small kids to feed and the depth of our despair cannot me measured in physical terms.
I have no one but you to retrieve me from this depth of despair.
I request you to intervene immediately and ask the NBFC to stop the harassment and also to issue me an account closure letter at the earliest.
Thank you
Yours faithfully
Enclosed:
1, The receipt for the first instalment paid in cash at fullerton India credit company ltd tambaram
2, The bank statement relateing to ECS paid
3, The receipt for Rs.10000.00 paid by me as settlement
Complaint comments 13 Comments     Updated:
Resolve this Complaint  

Comments

A
User
nhsiyer  
 
1. on what basis they give a loan to you? kindly explain?
2. If any loan sanction letter was received by you how can you accept the payment from them?
3. Rs.15000/- is not a big loan amount (i don't know your position) better you pledge the jewel from any bank, why you are going these type of finance dogs?
 
halasyasundaramiyer you are exactly right..
 
arjent loan 20, 00, 000
N
User
babu  
 
fullerton india is best finance company. interst amount is very high so u have dicreses in the interst amount... thanks
 

Got SMS from Dr.Steave UK "drawuk2009@hotmail.com - Fullerton India

Dear Sir,

I got SMS as on dt. 04/02/2010 from Dr. Steave as mentioned mail address"drawuk2009@hotmail.com". contains are : TM-EU.AWARD, I want to confirm that this is fraud or positive??
 
My Name Is Tasneem Sayyed
My Nos Is-9773237867 / 9619110844
I need a loan of Rs.2, 00, 000/-
How many days it will take to pass the loan
And what are the terms and conditions of ur company
My Salary is Rs.18000/- per month
I have a Company Letter head written and mention the salary of Rs.18, 000/-
N Jun 2, 2011 by
User
prem kumar digra Fullerton India  - South West Delhi, Delhi, India
 

loan outstanding - Fullerton India

My loan account number is 006120200018370.
I want to know the outstanding in my loan account as i have no any idea about what amount of loan i have repaid and how much i got to pay and the tenure pending.
N Sep 8, 2011 by
User
nileshkatev Fullerton India  - Maharashtra, India
 

SETTLEMENT - FULTRON BANK PERSONAL LOAN

SIR I HAVE TAKE A PERSONAL LOAN FROM FULTRON INDIA DHULE BRANH. AND AFTER FEW MONTH I HAVE SETTELEMENT THAT A/C BUT MY NAME PUBLISHED IN CIBIL DEFAULTER LIST SO PLEASE HELP ME.

MY MOBILE NO IS 094223 44449

THANKING YOU
N Feb 2, 2012 by
User
durga parakhe Fullerton India  - South West Delhi, Delhi, India
 
My loan account number is 007420200019860
I want to know the outstanding in my loan account as i have no any idea about what amount of loan i have repaid and how much i got to pay and the tenure pending.
N Feb 2, 2012 by
User
durga parakhe Fullerton India  - South West Delhi, Delhi, India
 
pls send the loan amt which i am paid
A May 9, 2012 by
User
Ramesh Rrai  
 
Fullerton is dog ... never go to them for loan. they are indirect thief...
pathetic service.. or say there is no service.. they will talk with you like gawar lala who given you money on borrow.. and there intrest rate too high and that only for show.. indirectly they will loot you purely...

beware and keep distance with them... even if you are dying for money please dont go to them..take borrow from lala on high intrest will still work..

i am going through all torture even after paying all emi's... Fullerton is worst.. i'm planning to file a case against them.
N Jan 12, 2013 by
User
madhanmanu  
 
What Ramesh Rrai, given is the correct statement, they are the cheaters, 100% they gets black & blue one day, we should wait & watch.
N Mar 20, 2014 by
User
rbalaji30 Fullerton India  - Chennai, Chennai, Tamil Nadu, India
 

two loan - Fullerton India

HI my loan ac no 18640 for two wheeler loan its already closed but still fullerton people irretating for closure pending amt I fully stteled I don't understant why they don't have proper records if they again like do that i"ll go to illigal action to fullerton

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    Fullerton India - bank loan