L&T Finance Complaints & Reviews

I had taken a loan in 2012 from family credit india limited loan no.1468052 (Taken over by p&t finance ltd) and i wasn't able to repay the loan of about 3 months (Not continuously). 6 month of loan was left to completion and i wasn't able to pay for 3 months.

I had given the vehicle to my friend before the day it was acquired by them. A person came to my friend's home and took the vehicle without any seizing letter or any kind.

I spoke to them about it but they were saying that but they said that they have sold the vehicle it to other without intimating me.

Now i requested about a noc or any kind of letter disclaiming that "in future i have no regards with the vehicle". But they keep on saying that they don't give any kind of letters instead they will gave to others who owned my vehicle. Then i requested them to change the ownership of the vehicle and they got agreed and said it will be done as soon as possible.

Now it almost 2 years the ownership remains the same on me. I has visited them for almost 5 times regarding this issue and mailed to the company. I had visited recently to the company on 14th august 2017 at l&t finance office at begumpet, hyderabad, telangana and they were not able to talk to me regarding this.

My question is there is any kind of legal provision to obtain the vehicle back by filing a complaint on it to nearby ps (Because it is on my name) and should i leave it to the company and wait for future happenings.

I was worried if the vehicle has some cases they will reflect it on me in future or in near.

Can you please suggest with this.

And also i had paid almost full of loan amount and if there any possible payment of amount reversal which i can get will be helpful for me.

Dear sir /mam.
I got a two wheeler loan in lt finance for two years.
I paid almost 18 months.
6 months due i can't able to pay to my personal critical situation.
Lt as cheased my vehicle.
They offered me to pay 27000 rs on 20.06.17 but still i'm struggling to pay bcos of my unexpected situation.
But i'm getting a phone call from a personal number stating that he as pusrshased my vehicle and i want to submit my rc book they will pay as 2000 rs.
They are sending my vehicle picture and i signed documents in what's app.
I don't know what to do.
Old sujjest me what to do.
My loan number is 2412878
Velayudham
26/40new thandavaryan street
Tondirpet
Chennai. 21
Please sujjest me what to do.
Situation may come to everyone. But i don't know why some individual person as having all our data.
I[censored] want i'll send the contact person number and what all the pics and document he send me..
Please reply us
My mail i'd is [protected]@rediffmail.com and my mobile number is [protected].
Please revert us
Velayudham

Following issue is still pending from last 1½ year with l&t. Today, i was personally visited the branch but nobody available in branch.

It was told that communicate with operation team to resolved the issue.
Chq no amt
Gic home loan 008840 3000000
Hdfc car loan 008841 221276
Susheel agre 009290 52274
—
Total receipt 3273550
Agreement signed 3300000
—
Short receipt 26450

My ecs was not registered for the last 3 installment even though i have given signature in ecs form at the time of taking loan on vehicle.

Your executive deny to collect installment from my location and force me that i should go to his location and submit the same.

Also suggest me, that if any of your executives tell me to deposit installments in his personal bank a/c and then he is saying that he will send me sms for payment receipts

Two days before i file the complient against you for not present my cheques at the right time. My file no; kgb127049r[protected]. I already gave 12 cheques for my further installments. 3 cheques are present due to my further continues request to the customer care. Today i received a message from you; your loan is overdue plz make payment immediately. Your loan amount is in the bank in past16days. You have employees are not. Plz present my cheque.

I am kathiresan from namakkal. I bought a auto loan no:kgb127049r[protected] from your concern. From the beginning itself your salem branch team did not respond my ecs process. Regarding that i went to salem branch many times in person. I received a mail on 10.9.2015 from k. Ganesh for the rejected reason only. After that i went to salem branch and i gave cheques for further instalments. But your officials never presented the due cheques in time regularly till date.in the mean time i closed my od account and i informed this matter to the branch not to present the cheque for due and i told them that i will pay the due amount by cash. They agreed for that but they still presented the cheque in the bank and got rejected. Thats the only cheque got return by bank for the above reason. You can check my track record from your side. After that i gave 12 cheque leaves to your officials and told them to present the cheque on the due date exactly but they didn't present the cheque properly in due date. When i asked them the reason for not presenting cheques in time, they replied that "all those cheques have been sent to head office not in our custody". Last three dues cheque have presented improper date by you only after my tele call to your customer care. Current month due also not cleared till date after my communication to your customercare, because of this type of transactions my cibil score getting affected very poorly, and i couldn't move any of my financial needs with other institutions. Kindly look into this matter very seriously and revert me at the earliest with exact clarification. I pleased to request you to present my remaining due cheques in time.

Dear sir,

With reference to the auto loan received in the name of mr. Kantharaj. C bearing loan account number 1888390. We wish to inform you that mr. Muthoji rao has been mentioned in cibil balance, as we are unknown of the name being added in our name. We were informed about the cibil balance while we applied for loan. The balance shows for auto loan.

As per my knowledge we have not given any details for the above loan in the name of muthoji rao.

Kindly provide us the details as a proof at your end in the name of muthoji rao.

Awaiting for your positive response.

Yours faithfully
Muthoji rao
+91 [protected]

Hi

I had a two wheeler loan account no 2249883 with LNT finance all dues are cleared from side as well I got NOC from the LNT finance but in which cibil I am showing a defaulter when I paid all due than why the company blaming me a defaulter there are having issue in there system company taken my signed on ECS FORM WHen I had taken two wheeler loan from the company but no one single payment debit from my saving account and company charged me penalty approx 6000/- now please resolve my issue asap

Hi team,

My vehicle loan was started in month of november 2015.

1) you guys didn't debited emi from my hdfc account. I have bank statement with me. Still you guys charged me for bouncing and late payment fee. This is ridiculous.

2) in month of may 2016 i went to your chinchwad branch to let you know guys that i will pay the june emi on 8 instead of 7 as my account was not funded but i did not get proper response from them.

3) the june emi was debited on 14 june from my account. Still you charged me for bouncing charges and late payment fee.

4) also my account was salaried account i told chinchwad branch to change my ecs from hdfc bank to maharashtra bank.

They told me that it not possible as there are only two emi's are pending. We will send someone to collect the emi.

5) you can check attached bank statement for reference where you can see the amount did not debited in month of november 2015 and ssalary did not credited from july 2016 to november 2016.

I need positive reply from you guys.

Otherwise i will take this issue in public forum or will take you guys in consumer cort.

One more thing i am not going visit to your any branch now.

You can call me after 6.30 on [protected] or [protected].

Thanks,

Nayan kadlag

Dear sir,

Harassing for additional charges
I bought a two wheeler in march, 2014 & personal loan april, 2015 after getting loan from Family Credit Limited (Now L&T Finance) with loan number [protected] wheeler) & agreement no.2278801 (personal loan)for which i have cleared all my EMIs for 36 months &24 months with out failing through ECS and EMI is completed march 2017 & april 2017.

End of the loan period one of the executive(Arijit & ph no-[protected])from Family credit called me for EMI and over due charge to be not paid, When i asked for the reason, the executive telling me to pay more 4359 + 1331 rupees.

(During the loan period i have always maintained sufficient funds in my bank account to clear EMI. Never i have missed an EMI)

Now, i got a call from Family Credit Limited(Now L&T Finance) asking me to pay an additional amount of Rs 4559/- &Rs 1331/- to get my NOC.

When i asked for the reason they said that this extra amount is for the cheque bounce charges.

I paid all EMI's on time to time besis, but now they are harrasing us and making us to pay more and behaving like rowdies and goons and taking rudly, so i'm thinking of file a consumer case ion the company.

The funny part about the Family Credit Limited is that they don't even use emails to communicate the issue, because once if they send any email on this issue they can be dragged to court .So they are calling at least once in a day from last 2months(Nearly i received 100 calls) to collect that extra money.

So my final request for all the seekers of loan is please never approach or apply loan in Family Credit Limited (Owned by L&T Finance).

Thanks & Regards,

BIKRAM MAITI

C/O-C.R.MAITI

VILL+P.O-DURMUTH

P.S-MARISHDA

DIST.-PURBA MEDINIPUR

PIN-721401

MOB.-[protected]

Dear team,

When I needed List of Docs of HL with you, initially I sent a mail for same. On follow up, I got a call stating that I need to visit nearby office.

When visited to your office at F C Collage road, heard so many surprises.
1) I have to pay 300/- to get list of docs
2) Foreclosure letter will be issued only after 15 working days from request received.
3) for Foreclosure letter I have to do follow up with Aurangabad branch as my loan was processed from there.

I think L&T is flooded with customers & hence such revert is been communicated to current customers.

Awaiting for response.

Regards

Nikhil Kulkarni
AURHL15000695
[protected]

At the time of bounce our ecs payment against 2 wheeler vehicle loan, nobody contact us immediately or no any message regarding same on registered mobile no. Immediately.
At the end of the said period, customer care person contact us and pressurised us to make the payment at any cost.
That time we are ready to pay the fine with the installment.
After bounce the ecs payment, the customer service person has to be contact us immediately to make the payment before the said period with all details like as address of service centre or details of online payment.
If we talk about the same, then they argue with us.

I have very bad experience with this company. Company employees are too pathetic mannerless. I am in patiala finance my two wheeler. A person name amrik singh channel manager call me early in the morning and misbehaving, a very pathetic person who don't know how to deal with customer using foul language. He said this rbi guidelines to call person from 7.00 am. I recommend people don't go with this company.
From
Harmanpreet singh
[protected]

I have been allotted one bond as details are given below-

Regds folio no. 21597945 certificate no. 315209
Name of holder - anil kumar verma
Series - 2
No. Of debenture - twenty
Distictive no.[protected]
Date of allotment[protected]

I want to redeem these bond but i have not received buyback intimation so far on my given address.

Please tell me process for redemption of these bond

Regds

Anil kumar verma
Mob: [protected]
Mail id: [protected]@gmail.com

I already had a mortgage loan (Blrhl[protected] and was paying emi with out fail from past 2.5 years. I have requested for top up loan, they have shown some invalid reasons and asked me to take new mortgage loan (Blrhl[protected] and they will foreclose the old loan from this new moan amount and remaining amount they will provide as topup amount. As myself and my brother were co=owners and my brother was going out of station for 2 months, we requested to take the necessary documents that is required to disburse the loan.
My brother left after signing the required documents, after loan was sanctioned the client relationship manager had asked for modtd to disburse the loan amount, for which my brother is required, i have immediately informed that my brother will not be returning for next two months, i will give what is required and when my brother is back he will do the formalities, for which they have not accepted showing technical reasons.

I have immediatley requested for stopping/ cancelling the loan as we can't provide the modtd, without the amount being disbursed they have started charging emi of (Rs 38, 936), inspite of repeated requests and even enclosing my flight tickets of my travel plans going out of country for long term, they have not taken any action and were asking me to pay emi of old loan & the new loan.
I have maintained the funds for old loan emi and not for new loan as it is not disbursed to me. And after multiple requests they have foreclosed my old loan on may 19th 2017, instead of new loan which i was requesting and charging interest for full amount which i have not availed.

Now they are asking me to foreclose, if can't give modtd and i am not happy with their loan terms.

I feel they have taken advantage of my position of being out of country and charging me interest and penalty on the loan amount which was not disbursed to me.

L&t infrastructure bond, non receipt of maturity amount.
We have not still received the buyback form nor payment for following details.

1. L&t infrastructure finance co. Ltd.
2. Debenture long term infra bond service 2011&2012.
3. Certificate no. 1. 267924 2. 736525
4. Registered folio 1.[protected]. 11694632
5. Locking period 1.[protected].[protected]
6. Owner : karam singh
7. Amout : 20, 000 each
8. No. Of depenture: 40

For other details please find the attachment.

Regards
Karam singh

L&t infrastructure bond, non receipt of maturity amount.
We have not still received the buyback form nor payment for following details.

1. L&t infrastructure finance co. Ltd.
2. Debenture long term infra bond service 2011.
3. Certificate no. 736524
4. Registered folio 11694624
5. Locking period 22/03/2016
6. Owner : poonam
7. Amout : 20, 000 each
8. No. Of depenture: 20

For other details please find the attachment.

Regards
Poonam

With reference to the above agreement we closed our loan dt 29.12.2016. We have not yet received the noc till date. We call them (In your trivandrum office) every day after closing of our l oan. Your executive inform us that, the noc will get you with in 15 days after the completion. We have very urgent in need of our noc. Now they have not pick our phone. Please do the need ful. We have contacted this number every 2nd day. But no response from their side. Please give me the concerned persons number which we have get the noc. We hope you take action immediately.

Thanks
Phone [protected].

I had paid all the emi's of my car loan agreement no:1827186, even after paying all their executives are calling and telling me to pay more 1000 rupees in the name of over due charges where i paid everything on time and even the missed emi of dec 2016 on april, though there was amount funded in my bank account where the ecs is mandated, but now they are harrasing us and making us to pay more and behaving like rowdies and goons and talking very rudely, so i'm thinking of file a consumer case ion the company. and also attaching the statement of my bank account which shows sufficient balance .

Register folio. No[protected], certificate no - 332168. Name of the holder - budha srinivas. Series - 2. No of debentures - 20. Distinctive nos[protected]. Date of allotment[protected]. *i want to redeem these bond but i have not received buy back intimation so far on my given address. *please tell me process for redemption of these bond
Regards budha srinivas, mobile no - [protected]. Mail. Id - [protected]@gmail.com