Dear
I have been applied for an car loan, initially ROI (Rate of Intreset) Start by 10% pa reducing but after that some problem in approval / my verification, but after all verification completed & loan approved.
My self is co-applicant in this loan, loan is my father's name but my self is doing each & every thing for this, My self was not aware about loan EMI calculator & ROI (Reducing/Floating), so again & again I told HDFC Franchisee M/S Vasu Associates but his reply always you don't take any tension, we will take care but ultimately they cheat to me for ROI.
After approval of my loan they call to pick car then they demand cheques security as well as advance EMI, Intially they demand approx 5600/- EMI for 2.5 lacs for 60 months.& same time I said intially you commit for approx. 2100/- per lacs according that this amount should be approx. 5250/-., He told me we are unable to provide loan at 10% ROI we will provide minimum at 11.2% according that your's EMI will be 5510/- then my reply its ok but when I got chart for 60 EMI from bank then myself calculate as per chart & found ROI more than 12.0% then Lodge complaint in bank but bank not responding positively, Bank make an conference call between his franchisee & me ultimately no solution till date for rectification of my this problem.
As per 11.2% ROI EMI will be 5410/-pm, so i want change my EMI & take hard action against HDFC/Franchise for cheating with me. Was this information helpful? | 
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