[Resolved]  Tata Motors Finance — No logic and simply delay of loan process

Loan Amount: 2,60,000
Tenure: 3 years
Down payment: Close to 1,00,000
Company: Tata Motors Finance
Showroom: Tata Motors (Wasan Motors) Borivali East
Model of car wanted: Indica Vista Saffire Terra (Petrol version). Silver colour.

My father was an army officer. He is getting central government pension and he is handicapped (right leg amputated during duty in war) and tata motors finance is not easily sanctioning a small loan which is undoubtedly going to be paid for. I am his son and working with a private company but I have bad credit rating in CIBIL and have opted to be a coapplicant as all but 2 of my loans have been settled. My father has taken the responsibility of paying the loan as the primary applicant and everybody knows that pension of central government employees are superb. There is not doubt on that front that my father is capable of taking a loan of 2,50,000 and paying it within 3 years. They want a guarantor and I have provided them with the information and the necessary details, but the matter is being stalled at my being bad credit with CIBIL. Now, I want to clear 2 things out here, first is that my father's pension cannot be transferred out of the bank so it will be with the bank even if (god forgive) he dies, still the pension will go to my mother but will remain with the bank. Now when he is ready to give ECS or whatever to tata motor finance, so on that front I think they should give the loan without hassles. Secondly, the car is going to be hypotheticated and I think hypotheticate means i[censored] are not able to pay, the company can seize the car and recover the loan, which again will not be the case, so on that front also I think they should give the loan without hassles. My request is that please proceed and sanction the loan as I think Mr. Ratan Tata knows the importance of the role of Army and what it did in Taj. My father has given 33 years to the Army to protect all of you (tata motors and tata motors finance) has not taken a loan and is against taking a loan, but he has to because his investments are elsewhere, and another point to make is that my father is also paying the remaining amount from his hard earned money, so there is no question as to any suspect or tata motors finance of not getting the money. You will definitely get the money, but please just sanction this loan as my father is handicapped and is in need of a vehicle for many of his critical works including going to the hospital, etc.

Thank you,
God Bless and God Speed