[Resolved]  HDFC Bank Car Loan — Loan foreclosure

Address:

Thane, Maharashtra

I was booked Skoda Yeti Car from JMD Auto India Pvt Ltd, Thane which cost was aprox 17 Lcs

HDFC bank is on panel for Car Loans of various schemes at JMD Auto India Pvt Ltd Thane.

After booking the car HDFC/JMD authorised executives ( Mr. Atul ) was approach to us to introduce the Car Model & Car Loan from HDFC

He was suggest HDFC Loan scheme of 5 years tenure of aprox 11% rate of interest & the loan amount was unknown but they committed what so ever trying for maximum Loan amount. ( closed to car value ) & he take the necessary documents from us & signed up HDFC documents which was BLANKED.

After few days we come to know that disbursement Rs 12 Lcs is done to JMD Auto India Pvt Ltd, Thane directly on dtd. 27/12/12 no any type of permission was taken before disbursement with Applicant / Customer from HDFC/JMD

• Approval for EMI ECS from SBI yet not done by us.
• No sanction letter yet sign up by HDFC

Even the above, the disbursement of Rs. 12 Lcs was made directly to JMD a/c due to insufficient sanction of loan amt we decided to cancelled the purchasing of Car accordingly I given in written to HDFC/JMD to closed the loan as on 29/1/13

Immediately I have received foreclosure statement from HDFC in which charges are follows up to 31/1/13

• Interest charge Rs. 13066/-
• Stamp duty charge Rs. 4920/-
• Cancellation charges Rs. 1000/-


As per the statement I was issued foreclosure chq of Rs.18987/- on dtd. 29/1/13

But it is observed that still JMD Auto not refunded the disbursed loan amount to HDFC hence loan a/c is not found closed in system & bank is taken first EMI on today.

So, I am not responsible for this disputed case & kindly resolved the matter.
The executive (Mr.Atul) is found leave his job.

The matter is reported to Consumer Forum.


Regards,
SA KULKARNI
Mob. [protected]