L&T Finance Complaints & Reviews

Sir/Madam, I have taken a two wheeler loan on the name of Mr. Karthik Arunagiri from Puzhuthivakkam, Chennai - 600091 with L&T Finance. Loan Agreement No: 2433065 for an amount of Rs. 92000 with ECS debit authorized for Rs. 8395 per month for 12 months with due date falling on 5th of every month. Loan EMI started from September. But the finance company is not debiting the amount from the account on 5th even though there is sufficient balance in the account. Later they call and claim that there is some issue with the system and sending a person in-charge to collect a cheque. I am yet to meet the manager as there is no customer care department to address my issue also . Can you please take necessary action on this as this is the 2nd loan on my name and it will hugely impact my credit score? I dont want to attach my bank statement in a website. So if you can drop me a mail while taking action, I can mail the bank statement with all ending balances as on 5th for both September and October. Kindly check with the company and do the needful.

I had two loan accounts in L&T Housing Finance Company, M.P Nagar Zone 2 Bhopal, Housing Loan Account BOPHL14000120 and BOPHL14000152. I had made full payment towards the foreclosure of this loan. Due to misguidance of one of their employees, Miss Akanksha Sharma, I had to end up paying one months interest extra for both the accounts, which is a total of around Rs. 15, 450/- I have submitted a number of complaints with this company through phone and email, but they have not responded to me. While setting up the loan account I was informed that it is mandatory to sign up for their insurance, which I did. This company has not provided me the papers for that insurance policy as well and they are not providing me any refund for the extra payment that I have made. This is my sincere request to you to please go ahead and take necessary legal steps against this company because what they are doing is not the proper way to do business and this is simply fraud.

This is in regards to Loan Account Number : BOPHL15000152. I had made a payment of Rs 26, 723/- INR (Twenty Six Thousand Seven Hundred Twenty Three) by cheque, (cheque by Standard Chartered Bank, Issue by India Infoline Housing Finance Limited, Cheque Number : 108645), on 9th July 2015, for loan takeover/transfer from L&T Housing Finance to India Infoline. I have been informed by L&T Finance that the cheque has bounced, however they are not providing any reason or written documentation regarding the same. They are not returning the cheque as well. Due to this I have to end up paying interest to both L&T Finance, and India Infoline and I am not able to meet my other payment commitments. The personnel of India Infoline are stating that the loan account that I hold with them cannot be foreclosed until I return the bounced cheque, and that the cheque that they have provided is accurate and cannot bounce. I have put forward the same information to L&T Finance, however they are refusing to return the cheque, and stating that I should complete the due payment with cash instead. I have explained to L&T Finance countless number of times that I would make the payment by cash, but at least provide me a written confirmation/evidence of the bounced cheque, or else return the cheque to me so that I can claim the same from India Infoline, but I have been denied. They are holding my property papers as well and have refused to release the papers.

Dear Sir,

This is to bring to your notice the fraud racket run in Mumbai by below person posing as an employee of L & T Finance. I had sent mails to sp.[protected]@mahapolice.gov.in, cp.[protected]@mahapolice.gov.in,
cp.mum.addcp.[protected]@mahapolice.gov.in & dgpms.[protected]@mahapolice.gov.in but have not recieved any response also i have mailed [protected]@mahacid.com and even from there is no revert. Had contacted Bandra police but they also diverted to other stations.

This is a very big racket involving many people and they are advertising in local trains running around harbour line in Mumbai.

Please arrange to nab these people before they dupe many innocent customers.

Complaint against L & T Finance Ltd, 601/602, Trade Centre, Bandra Kurla Complex Bandra East, Mumbai -51


Complaint Details:-The person from the company with name Vikram has taken Rs.10k on the pretext of processing 2lac personal loan. The amount was taken as security for the processing but now is not responding to the calls. Details of the person mentioned below.
Name:-Vikram Mob No.:-[protected] & [protected]
Account to which amount was transfferred-ICICI Bank
Account Number[protected]Nanded Branch)
Name-TRILOK KUMAR BHARATI

Regards,

Sharadbabu Narayanan
Mob:-[protected]

Dear Sir/Madam

I hereby state that we are from L&T Finance Limited(Microfinance) - Madurai and in our department there are around 51 Retail Associates are working with an annual pay of Rs.75000/Staff and per month they are paid with Rs.6250/Staff.And in their Monthly pay our company had been deducting Rs.625/- from their monthly income of Rs.6250/- and they are paid only Rs.5625/-.
In order to Non- deduct the tax amount ( Rs.625/- per month) our company is in required of Non - Deduction of Tax certificate issued by the Income tax officer.
We had approached the concerned TDS section at Madurai but the officer had told us that it cannot be issued.But the same certificate had been got from chennai IT office.
We may not know the reason for not issuing the certificate at madurai.Kindly give a solution for this.
Thanking you,


R Kolanchinathan
L&T Finance Ltd.,
Madurai - 625 020.
Ph:[protected].

SIR,


I HAVE NOT RECEIVED PAN CARD AT MY ADDRESS SINCE MORE THAN TWO YEARS HAVE PASSED, MY PAN NUMBER IS AMYPG0852G, PROCESSING FEE COUPON NUMBER[protected], DATED 06-DEC-2007.


I URGENTLY WANT IT FOR FILLING RETURNS.


Pl send my PAN CARD as early as possible..


Thanks & Regards

MY CURRENT ADDRESS;
C/O L&T FINANCE
H.NO.316,4TH FLOOR,MG HOUSE
RAVINDRANATH TAGORE ROAD, CIVIL LINES
NAGPUR-440001.

I have purchased vehicle from the L&T finance Ltd. through my office.
The pre-closure amount for settlement of loan was informed by the company and say X amount is taken from me for NOC.
Later on, on rechecking, the final amount was less than the accepted amount, say Y..
The difference of Invoice value against payment collected by finance company was supposed to be returned by the company, immediately after finalisation of account ; which was not informed earlier.

Now, after asking for the refund of difference amount X-Y is being returned by the company without
any interest.
Please let me know, if I am eligible to get the interest on the refund amount; which was with the finance
company for more appox. 3 months; after encashment of cheque for X amount by the finance company.

Please advise and revert.

Thanking you in anticipation.

(VINOD B. HEDAOO)
Mobile: [protected]

Application No[protected]
Processing Fee Coupon Number[protected]


Pls let me know the status of my pan Card.

Mobile Number [protected]