LG Electronics — Misleading Advertisement

DASS ELECTRICAL, East Street, Pune, Maharashtra. has been advertising a scheme for LG LCD tvs along with periperals, in local newspapers.
Under this scheme LG 32" LCD tv + Samsung DVD Player + DTH package + 6 months subscription can be availed for approx Rs.35, 000.

Scheme was of downpayment of Rs.6666 with remaining amount in 17 months EMI's of approx Rs.1666.The Finance is handled by Bajaj Finance.

We had booked the LCD tv under this scheme on 13-Jun-2009 pending the loan aproval from Bajaj Finance. The entire scheme was well explained by Mr. Abhijeet representing Bajaj Finance. We even opted for ECS as it was convinient over 17 Post dated cheques.

Following week, Mr. Abhijeet collected all documents like 3 month Balance Sheet, copies of Pan Card, ID proof. 2 days later he called up saying that we needed to increase the downpayment to Rs.15, 000/- and only 12 EMI needed to be paid. On enquiring why such arrangement, he refered to his senior Mr.Devendra, who gave the reasons.
1. We do not own a car
2. We do not have a credit card.
So we were only sanctioned Rs.20, 000/-

This TV was booked by Me, Mrs. Mane, and I am self employed. We are very well placed to buy this in one time cash payment, but having it under the scheme was more convenient.

If the bank insists on clients having a car and credit cards, why would the clients having such buy a middle end product thru this scheme? Aren't these schemes meant for common man who cannot afford to buy it in single payment?

DASS manager promptly shaked their hands off, saying that it was a bank matter and DASS had nothing to do with it.

It was such an insulting experience to have undergone such a ill treatment at the hands Bajaj Finance & DASS Electricals.

My only advise to common man is to thoroughly check the hidden clauses before hand so as to avoid such bad experiences.

It was only fortunate that the deal broke in the intial stages, instead of latter.