[Resolved] Videocon LCD Television — Rejection on the basis of nagative CIBIL | |
Sir, I am from Baroda-Gujarat. I wants to purchase Vidiocon LCD Television under Bajaj Finance. I have filled up application form for loan three days before. But yesterday your representative told me that your loan application is rejected. Your CIBIL is negative. I am very surprised to know about that. How could my CIBIL be negative. pls. let me know due to which default my name came in CIBIL? as per my knowledge, I had taken HOME PC under your Bajaj Finance. and first installment of same was bounced due to misunderstanding between me and your representative. He had told me that my installments commence from may and first installment was debited in my account in April. thereafter not a single installment was bounced till the completion of my loan. I have also paid the cheque bounce charges of Rs.100/- on closure of my loan with you. If you wants the proof I can provide the same to you. This is the only occation in my history which I remember and for this single occassion you cant put my name in nagative CIBIL. If you have any other reason, pls. let me know the same. I have purchased Fridge from Citi Finance, Bike from HDFC Finance and all my loans are fully paid. Presently I have taken housing loan from Bank of India for Rs.350000/- if my CIBIL was nagative than how could Bank of India financed me a housing loan. Therefore, I humbly request your company to look in to the fact of my case and clear my CIBIL and allow me finance otherwise, I have to file the complaint against your company under consumer protection act. Regards Rakesh Vithalapara Hopping for your earliest reply in this regards. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
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Videocon LCD Television — Rejection of Loan Application
Sir, I Rakesh Vithalapara Resident of Vadodara- Gujarat.I wants to buy Vidiocon LCD TV from MORE Mega Store of Vadodara. I have filled my loan application 2 days before from your representative at the store. Today when I approached him he told me that my loan application is being rejected. When I asked him the reason of rejection he told me that my CIVIL is negative. He was not able to give me the exect reason behind it.
Therefore, I Request you to let me know the perfect reason of rejection of my loan proposal. I had never failed in repayment of any of my loan installement till date. I had also purchased my HOME PC under your companies finance. First installment of that loan was bounced only due to misunderstanding between me and your representative. He had told me that the installment will commence from may and by mistake it commence from April. This is the only one occassion of failure in my history. If my CIVIL is negative how Bank of India has financed me the housing loan.
I am working in a reputed Chartered Accountant Firm since last 5 years and my monthly salary is Rs.11500/- per month. There are only two members in my family and we both are earning. I have my purchased my own house in Baroda on my self. When I purchase a house of Rs.500000/- than I can also buy the LCD by cash. But I dont want to block my cash.what you expect from the borrower? Do you think that a person whose monthly income is Rs.11500/- per month will not able to repay your EMI of Rs.1500/- per month. I dont understand what is CIVIL and how could my CIVIL be negative?
If the approach of you company will remains same you will definetely loose the jenuine borrowers. I have money I will buy LCD through cash also. But think about those jenuine custormeres who are willing to fulfill their dreams through you, and your representative without going into the fact of any disqualification reject their proposals.
I hope that you will give me the proper response of my querry.
Regards
Rakesh Vithalapara