[Resolved]  Sundaram Finance — Car Loan

Address: Peenya, Bangalore
Website: Sundaram Finance

Dear team,

I had taken car loan from sundaram finance, (Commercial vehicle / taxi). As i have multiple fractures in my leg, i had taken help from my friend to run the taxi business with formal agreements, but since the business is very low i was not able to pay emi's on time and i have over all 2 emis pending till feb 2020. On feb 28th 2020, executive visited my place for address verification and informed to clear the pending emis or to surrender the vehicle, and i was promised that i would get back the vehicle after clearing all previous dues, but when we arranged the amount after 5 days, branch manager informed us that we are not eligible to take our vehicle back as i have not made the payments time to time. Also said that i have only 2 options either i have to close over all loan tenure and get the vehicle back or to leave it as it is (Auction). It has been more than 2+months i have not received any call from sundaram team nor any notice. No one from the finance team is repsonding properly nor i am getting any higher authority details to request, clear dues and get my vehicle back.. I am a sole earner to my family and it is very difficult to survive even if i am doing multiple jobs and now this is leading me to get into depression and negative thoughts. Please anyone suggest me how to solve this.
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May 28, 2020
Complaint marked as Resolved 
On 26th March we had meeting with branch manager and requested to give us last chance and release the vehicle. Request got accepted but since the due amount was high and as there is no hope of good business in taxi field I withdrawed and surrendered the vehicle. Now company has kept the vehicle for sale. If the vehicle is not sold for pending loan amount again I should pay the remaining charges and get the NOC. Hope will get good buyer .
 
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    Peenya, Bangalore
    India
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