HDFC Bank Car Loan — High Pre Pay Interest Rate

This is very high rate and I am also facing the same problem.

I am also having auto car loan for Hundai Santro Zing with your bank which was for 5 years duration. now after 4 years i have opted for foreclosure of the loan. I have spoken to Mr Kapil Gupta at Deer park New Delhi branch and have received the complete statement which reflects some undue charges. they are charging 3% on remaining amount + 1800 Rs as cheque bouncing charges for the 2 cheques which got bounced in year 2006 and about which i was not intimated + penalty charges for the same. the remaining balance of my loan is 69000 but they are charging 74000 gross which is undue. I am requesting you to send me a copy of documents which were filed during the loan applicaion as a right to information + i will be sending a mail to RBI and Bank lokpal for the same. My point is that i should be informed in 2006 if the cheques got bounced so there is no question of bouncing charges and penalty also the 3% is high. i am ready to pay the actual balance which comes to be 69000.
Ref - Auto a/c no[protected].

Please take necessary action so that i can avail atleast some benefit due to pre payment of the loan because with your calculation there is no benefit of foreclosure.

ICICI Car Loan:

To,
Bank Lokeal Office,

I bought Maruti 800 by borrowing loan from ICICI Bank. I fully paid, received NOC and transfered to the name of buyer. I have all receipts. After transfer I migrated to Canada.

Still I am receiving notice with penalties from ICICI Bank.

I contacted to ICICI bank by emails, phones and provided all payment details with copy of NOC but still getting notices.I am getting this notices because I asked for remaining check back but they didn't gave me back until today and issuing notices.

My Home address as below:
Jitendra Patel
216-Shantinagar Society
Gokulnagar, Himatnagar,
Dist. Sabarkantha, Gujarat
ICICI Loan File No: D3/P/138336/15937/LAHNR[protected]
Vehicle on loan was : Maruti 800

My request to take necessary action and keep me worry free from this issue.

Thanks.

Jitendra Patel
512-1915 Martin Grove Road
Etobicoke, ON, Canada M9V3T2
Phine :[protected]