Hi,

I have taken a vehicle loan for my Tata Indica GLG XETA vehicle from Tata Motor Finace on 27/06/2007.

I have taken the loan for 5 years and so I have given them 60 cheques for monthly debit. My EMI amount is Rs 5500.

In the month of December 2007 my cheque got dishonored. The cash was in the account, shocked to see my cheque got dishonored.

The agent had collected the amount in the month of December 2007 for Rs 5500. After two years that is in September 2009, i get a call from the tata finance CSR stating i have to pay 350 ODI.

When i went to the bangalore office, to pay Rs 350. To my shock they said that I have to pay 2375 rs as fine.

When i enquired them, they stated that they have added interest till now to the dishonored cheque in 2007.

Its real fraud. They did not inform me about such fine and such a big amount until I got the call from the CSR after 2 years.

After this issue i raised a complaint to tata motor finance.. and after several discussions with the pune team. they cut down my amount to Rs. 1850/- and asked me to pay the same at bangalore office.

When i went to pay the amount of Rs1850/- to bangalore office.. I was asked to meet a senior employee.. for my shock.. he quoted me that i have to pay Rs4,876/-. When i stated him, that Rs1850/- was the final settlement told by the pune team. He said that he has nothing to do with pune team, and asked me to obey his words and pay the amount of Rs4,876/-

Since i have raised the complaint, the bangalore team is irritated and are fining more by adding interest for each and everything.. without intimating me for 2 years..

Please help me in this issue.


Thanks,
Manjunath H
Bangalore
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Hi Manjunath,

I have FIAT palio and experienced same with Tata Motor Finance, what ever you have mentioned in this post each and every point holds good for me also , except cheques mine was ECS , I ended up paying ODI cahrges of Rs-10000/-.


After all this frustration , i wanted to close the account but to my shock there is no discount for pre-closure.