[Resolved] SBI Car Loan — Harassment in sanction of loan | |
I had applied for a loan on Tuesday 14.03.09, the papers were sent on 23.03.09 after thorough screening by the Customer Executive of Nizamuddin branch of the bank. We were later asked to submit any address proof except the Election voting ID card as the bank believes it to be easily forged. We promptly gave telephone bills, in person. Now again the loan is put on hold without telling us or even the customer executive of our branch about the reason. We have submitted a complaint on the sbi website however they ask for a month's time before moving up to the ombudsman. My query is that it being very easy to secure loan from any private bank, why would any customer stand this harassment? Please take strict action against these babus. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
1 Comment | |
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Never take car loan at Floating rate with SBI, You can take the loan at fixed rate from any Bank. I have burnt my finger and lost a difference of 10K for four years.
The SBAR will be one and the charge to you will be different, as a consumer you will have not option to check periodically on the change and I am sure you will loose lot of hiden interest charges.
You may call me, where I can explain if required. check with couple of other banks for fixed interest for the complete tenor (Now SBI is also giving promotional offer but avoid this bank)
Good that you have not got your loan with this bank, fortune favoured you, they have a bunch of jokers ages 50+
Regards
Anil