[Resolved]  SBI Car Loan — Car loan over six months ago, papers not cleared yet

Address:

Hyderabad, Andhra Pradesh

I had obtained car loan from SBI in March 2007 for purchasing a Honda City car. The loan was sanctioned for an amount of Rs. 5 lakhs (Loan no. [protected]) on 24-March-2007. As demanded by SBI, I submitted 36 post-dated cheques on HDFC bank, each for Rs. 16, 548=00 (sixteen thousand five hundred and forty eight only). Not a single cheque of mine bounced, as I have ensured minimum amount in my HDFC bank every month for the loan repayment. As per the agreement, my loan should have been fully repaid in the month of March 2010. However, I am now told that there is Rs. 72, 129 outstanding against my name, and thereby I have not been handed over my car papers. I find this completely baseless, and demand an explanation from SBI on this.

Dr. Sharmila Mande