Fullerton India Credit Complaints & Reviews

On complition of my loan payout, I requested the said company for NOC - and then I was told about a cheque bounce penalty of INR 281 has been imposed against my loan a/c :- [protected] due to late deposit of first installment cheque - the said cheque was handed over to Fullerton employees at their now non functional DumDum Branch ( near Nager Bazar ).

As per policy, they had taken 5 post dated chaques and one cancelled cheque.
On 4 cheques I had to put amounts which summed up to total repayment amount ( including Interest & Principal ) .

1 cheque was for my 1st EMI ( total 48 EMIs of 4353 each ) & 1 cancelled cheque to start ECS .

Now post completion of my all payments without ever defaulting - they are asking INR 291 as cheque bounce charge - however reasoning that cheque was not bounced but took time in clearance.

Dear Sir,

I took personal loan from FULLERTON INDIA CREDIT COMPANY LIMITED.

Loan amount: Rs. 50,000
Tenure: 36 months.
Duration: 05/08/2010 to 05/07/2013

I have been paid all the EMI and contact customer care to know settlement procedure (how to get my cheque leaf and NOC).

They said you have to pay one extra EMI (that is, 36 + 1 = 37 months) as per RBI guidance. I did not received any letter regarding this prior from FULLERTON INDIA CREDIT COMPANY LIMITED.

Is this true? Kindly provide me more details.

HELLO..

This is PRAVEEN i have bought SUZUKI ACCESS on loan the loan account no is [protected]
i have paid the down payment of Rs 32000 on date 20 Feb 2012 and paid 8 which is 2058 pm due to some financial problems i delayed the payment so the total amount paid by me was 32000+16464 =48464
but as did not able to pay the emi they have seized my bike and sold it in auction 3rd December 2012
and claim that the vehicle was not in good condition later they did call or contact us but after three months that is on 06/03/2013 we have received a notice that they have sold the vehicle which was used only for not more than 10 months have been sold for less amount after making adjustments they claim to make the payment of Rs 27689 which is not fare as i have paid the down payment which i will not receive and i have paid the emi amount of Rs 16464 which i will not receive they have seized my vehicle still i have to pay them Rs 27689 which is not fare in any case.

The details of the loan agreements are as follows
LOAN ACOUNT NO:[protected]
VEHICLE : SUZUKI ACCESS
VEHICLE REG NO: AP 13 AB 8089

i had taken a loan of 52000.00 from Fullerton's india in nashik, To which i gave them ( Mr. Nagpoure) 12 Post dated cheques, within two i came to know that the cheques i gave him were of closed account's and i issued him 12 cheques from my operating account. It came to my knowledge in the nest month that Mr Nagpure executive Misplaced those cheques and he started sending in a collection executive Mr. Prasad Marathe to collect cash from me. I asked him about the cheques and he replied it will start from next month... But the same happened the next month too, during this period my daughter was born with multiple complication and i was not in mood to create a dispute with this company as i had to concentrate on my daughters health.. this guy continued collecting cash from me, till then i had paid them 11 emi's and one emi was left... further there was no call from these guys for 8 to 10 months.. suddenly these guys started calling and i was told that i had to pay 6 emi's which were pending, I asked them for the details and i can to know that Mr nagpure and Prasad marathe had cheated on me and had not posted emi's of more that 5 installments..... i asked them several times to give me back my cheques which they had collected from me but Mr. Nagpure said that he was sorry about the misplaced cheques and is not in a position to find them and give them back....... AS for me i have cleared all the dues along with all the charges and still suffering from that transaction as it has severely effected my CIBIL score and as of date i am not able to avail any facility from any other banks.. and Fullerton has still not updated their system with the CIBIL....

Dear Sir,
I Had taken loan from Fullerton India with lAN [protected] for Rs, 70,000. This is to inform you that while applying for loan they told me that interest will be 26 % wherein when they processed the loan they applied 36 % interest. Initial they told me that there would be minimal processing fees of Rs. 3000 but when they sanctioned the loan they charged me Rs 9000 processing fees.

At the time of application they told me that loan will be recovered within 28 months. I dont know how they jave made the repayment period of 48 months. It was decided that ECS will go from my account and we mutually agreed to it. Thereafter suddelny their ECS system was not working so they requested me to pay to fullerton representative. I have been regularly paying to them.

Sir i have paid Rs: 80,000 to fullerton still they are saying they have outstanding of Rs. 61,000.

Sir they want me pay Rs. 1,61,000 against the loan amount Rs.61,000.

Kindly help me on this issue.

Dear Sir,
i bought a bike in August 2012 and finance with Fullerton India, when i applied for loan they told me interest rate 10.30% and i have paid total installment 14 nos only, but when i got our welcome letter and loan scheduled. i totally shocked because they are charging 26.55% interest rate and increase my two installments 14 nos to 16 nos. i also found Rs. 5420.00 fraud please see as below.


A My Bike total cash price 61000.00
B Down payment I have paid 32500.00
Less 2 Ad. Installments 5080.00 - 27420.00
C = (A-B) Balance (Loan Amount) 33580.00

D whereas they are declared my loan Amount 39000.00

when i asked Clarification for Rs. 5420.00 they are still not replied to me.

Sir/Ma'am,

I'm FULLERTON INDIA CREDIT COMPANY Limited customer with Loan No. [protected] from 2 years (almost.) and paying EMI on very time.
I would like to tell you from very the beginning when i need a loan.

FULLERTON executive had a call with me. He told me that they can provide the loan on 18% rate of interest. But I asked him to some reasonable. He request to me to visit his Nehru Place branch. I do the same. There I met Ms. Mamta. after some bargaining She told me that they will provide loan with 17%.

I asked her that, Is there any hidden coast? She replied, No there is not any. I asked her again and got the same answer. Finally I deposited all relevant
docs. with your company and asked to back Kit/Documents. They Replied me that your document kit sent to you home address and will reach you within 15 days.

Finally I got the loan amount (100000 + 4000 rs.) in my bank a/c.
After 1 month I again complaint for my kit, in FULLERTON branch they again told me, will meet you within 15 days. After this I complain many times but got the same answer. Finally I left it because I believed them like blind for this fraud fraud FULLERTON company.

After paid my 18-19 EMI, I visited FULLERTON branch and asked to close my a/c. That time I asked them to show my a/c detail.

Sir Seriously I was shocked when I comes to know the realty. They have taken 29.62% rate of interest. I told them that I think there is some mistake as I've taken with 17%.

Sir, I'm really really very upset this time. I recently visited FULLERTON Nehru Place branch and Meet branch Manager. He told me that, will definitely do something about it. I've called him many times, but getting the same answer.

Now finally I stopped EMI for this company.

Sir/Ma'am Please Please help me for this query.

Looking for your kind Support.


Regards,
Hemraj

I would like to bring this to your notice that, I have been receiving the payment reminder message from Fullerton inspite of foreclosure of my loan Account# [protected]. This issue has been going on since Sep’12 and the Loan account# [protected] for which the payment reminders have been sent belongs to State – MP.

On Saturday 6th of April’13, I had received a call from - [protected] your collection representative, asking for the EMI amount pertaining to the two wheeler Loan acoount#[protected] . This is the 2nd instance of a collection call as I had received the same few months back also and I highlighted the matter then too.

Fullertone has spoiled my CIBIL records by following the above stated malpractice. Please refer to the scanned copy of My CIBIL Report. I will be filling the same in consumer court also, as my personal loan from the other banks - to be used as initial payment for GDA Flat has been rejected due to this fraudulent loan account initiated on my name by Fullertone.


Regards,
Dinesh Singh
[protected]

my name is Dhaval Zaveri i live at mumbai i tekan loan form fullerton india & bank tack my Emi after loan close and no reply ghive me
the parsone is 1) jyoti medam (haydrabad)
2) vishali (kandivali branch mumbai)

ghive reply as soon as posibal


From
Dhaval zaveri
[protected]@yahoo.co.in

noc
dear sir
I have completed my installment .After completion my installment i went to fullerton office for NOCbut fullerton employee say me that ecs bounce but them ECS is not progress how can u charges cheques bouncing
they say me thatyou paid cheques bouncing charges...


regards
madhukar rawate

Dear Sir/Madam,
Greetings

I took a Personal Loan on 17/Jan/2008 at Fullerton India (FICCL) - Mettuguda branch with Fullerton LAN: [protected] for a sanctioned amount of 45,000 & again with top up loan after 6months for 70,000 with Fullerton LAN: [protected].

Due to some personal problems the Loan Amount was settled at Fullterton - Tirumalgiri branch on 31/05/2010 for an amount of 45000/- INR (fourty five thousand rupees only). That day i was told by FICCL branch persons that No Due Certificate shall be sent by their Corporate office to my residence address., but since then i didn't get my No Due Certificate from Fullerton. As the time went on I've forgotten this case.

Very recently when i saw my Credit Information Report (CIR) from CIBIL online., i was surprised that status of my cleared loan with FICCL was not mentioned for both the LAN details provided & still it seems to be floating.

Hence I would request you to take up the case on priority & do the needful to clear this issue so that i can get easy transactions for any of my future loans. Please find my contact details here in below for your reference.

Awaiting your response.

Thank you

Best Regards
J.Aditya Srivatsav
Mob: [protected]
E-mail : aditya.[protected]@gmail.com
Secunderabad - 500056
Andhra Pradesh

Hi Fullerton,
This is vijay verma from jaipur, I took a loan form fullerton india my load account number is [protected].
I paid my entire installment by bank but you did not inform me a single time that I have to pay some more 13 rupees to close my account and did not withdraw by my bank I thought my load has been completed.
I am very sad to say that you guys reduce my cibil score just because I did not pay 13 rupees and keep doing without any information to me. Now I have paid “510” rupees and attached doc for that but what can I do with cibil score as you have made me down in global market. Now I am not able to get any loan just because of this silly mistake by me or you.
But now I want my cibil score up because I have paid the entire remaining amount as you asked for.
Please do me a favor update my cibil score as soon as possible.
Regards
Vijay verma

Dear Sir / Madam,

Myself Abhishek Sagvekar,I had taken personal loan from Fullerton India in Oct-11 of 114500/- for the tenure of 48 months and monthly EMI was ,4756 and loan account number is [protected].
I was paid regular EMI's till OCT'12, have paid almost 13 EMI's till date, unfortunately I lost my job in recession and my wife appendix opertaion during that period i could not give the EMi amount for last 3 -4 months . Everytime the collection officers keep calling me asked me for the amount. My financial condition not good because of the loss job and operation conducted of my wife, I have been continuously getting abusive calls and recovery agents are coming to our house and abusing at home as well, they normally visit my home when my wife is alone. Recovery agents always insist her to enter the house and sit

Please suggest.

Dear Sir / Madam I had a loan from M/S. FULLERTON INDIA & the a/c
# [protected] , the 1st EMI which supose to fall on 05.07.2010 has
failed to present the ESC clearance by the above finance company &
presented on 18.07.2010 with out my knowledge & its got bounced & also
there is no information received to me by them still 02 years & now i
came to know by the different bankers & i meet the concern on FULLERTON
& paid that 01 EMI amount & they have sent me the MSG by return mail
that ' they have updated the CIBIL status as CLOSED,
Yes it is closed after they give me Loan topup again in 2012, But CIBIL records which
still reads my data as De-faulter, now no other bankers providing me any Loans
from Jan 2012 to Jan 2013 still i was following up with Fullerton team over mailer / Telephone
but still they wanted more time to solve this issue,
Can some one please suggest me for how & what is the way to get re-solved from this

Regards
Madhan

Sir,

I have taken a loan fro Fullerton India Credit LTD company , The total loan Amt was 115500 , i already paid rs 74000 with 15 emi , now i want to close the loan , when i talk the call center people thy tolled me to pay Rs 92000 , please help me to close the loan . My no [protected]

Tanks & Regards
Rakesh

i have , financing the two wheeler loan from fullerton india credit co.Ltd.my customer id is 2224536 & Loan A/cs is [protected].as per his letter dated 8-3-2010 Two wheeler loan repayment schedule in Instalment 30 from 5 March 2010 to 5 Auguest 2012 Rs.2261/-deductin started from my bank. all payment entries are there bank paid regularly. after 10-Aug 2012 I Contacted they said weare sending NOC letter for received full & final payment form you, so many time i telephone them they replied sending four months gone I have not received any reply Iam seniorcitizen I request you to give me justice. Thanking you

Dear Concern,

I have taken Personal Loan 1 year before. The Loan Amount Rs. 50,000. They had given Rs. 43,000. I have been paid 14 EMI (37, 856). I want to close this Loan. I called and asked them. They told me that i should pay 42,380. I don't know really what is happening. It seems they are cheating. Please take action against them.

fullertone credit india bank had given loan of 50000 by cuting their processing fees they had gave me 44000 rs in hand on feb2010 . After that i had regulerlly paid emi on due date through my bank till nov2011 . But my december 2011 emi was bounced and i had done payment in same month in fullertone that time they suggest me to do payment directly in their bank that time i didnt knew about cibil and i had done reguler all payment in fullertone before due date till oct12 on other end they bounced my emi in my bank and gave my name to cibil as defolter, now because of them i m facing problem in getting loan and they are asking me for emi bouncing charges upto 5500. Please help me and do some legal action against the fullertone credit india fainance.

Without my knowledge they have seized my bike and changed my bike parts.. If i ask them now,they are saying its not our fault nu.. They changed my 2 wheels of my pulsar bike,removed horn,changed shock absorb and removed chain guard too.. Now it costs around 12000.. My request is to don't take any vehicles or anything through this credit company.. Its a fraud company..

Hi,

This is Dinesh G, this mail is regarding the loan rates has been changed, the representative has been informed be before applying for the loan that it comes around 17 to 18 percent, but after i received the check the loan rates are changed for 23% i am really shocked, why it is i have received only 96 thousand for Rs, 105000/- even i have not received any details or mail apart from the check, they have decided them self the percentage everything and given the direct check the percentage is too high please go though the loan details and do the needful i not even have any loan details, please check and do the need full. even i have got a call from the bank spoken with the manager, but there was no use, the person who has involved in this loan sanction also left the bank, later the manager itself informed that he has cheated to many peoples, later i have sent a mail also to the person but no reply savitha.[protected]@fullertonindia.com apart from this i dont have any contact, as the people who worked for this loan even they have taken the bribe from me saying that u have to pay for this.

they are telling now 48 months to be paid around Rs.4280 it comes to 210000, i have taken only 96,000 but want to pay Rs.2,10,000, please help me out,


Only details i have is savitha.[protected]@fullertonindia.com


My Contact details are :

Name : Dinesh G
Contact Number : [protected]
Location : Bangalore


Thanks & Regards,
Dinesh G
[protected]