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Foreclosure charges

This is a discussion on Foreclosure charges within the Car Loan forums, part of the Loan category; I purchased a Santro car in March,'08 which was stolen in August'08. This was purchased through Car Loan from HDFC. ...

  1. #1
    Jayannambissan is offline Junior Member
    Join Date
    Feb 2009
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    1

    Default Foreclosure charges

    I purchased a Santro car in March,'08 which was stolen in August'08. This was purchased through Car Loan from HDFC. When I claimed the insurance amount, the claim was directly transferred to the bank. The bank gave me the balance amount of EMIs paid by me after deducting 6% of the total loan amount as Foreclosure charges.

    Since the car was stolen, I was forced to pay back the whole loan amount along with the foreclosure charges. I talked to the senior people in HDFC, but they did not listen to it.

    Would I be able to get any support in it.

    With Regards

    Jayachandran

  2. #2
    admin is online now Administrator
    Join Date
    Sep 2008
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    Default

    Hello,

    The complaint is too short and kindly mention all the details.

    Thanks

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