Hi,

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

The contract number is 5000127404.

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. Please help me in this issue.


Thanks,
Manjunath H
Bangalore

I have applied for a car loan two months back and there was no cheque bouns in my account, but these frauds did not release the cheque to the dealer and my money got locked with the dealer (Rs.62512). MY SINCERE CRY IS PLEASE DONT GO TO AXIS BANK FOR CAR LOANS. THEY ARE NO.1 FRAUDS IN THE WORLD

Dear Mr. Manjunath,

To get any solution for your complaint kindly send a complaint letter to the Head Office of the Co. Send it through registered post and keep a copy of that letter also. Hope you will get any positive response from there.

Dear Mr. Suresh,

Kindly post your complaint in detailed manner.

Thanks for your quick response.. I have one question.: If there is a cheque bounce.. do they charge Rs400 as bounce charges.. Rs 400 as retainer chargers.. and Rs 125/- for collection agency charges... These are the amounts charged for me by the tata finance company... for cheque bounce..

Hi,

With regarding the below complaint. I have paid 2,575.00 (Rupees Two Thousand Five Hundred Seventy Five only) bearing receipt no 311215336 on 30/10/2009 for Contract no: 5000127404 towards ODC and other penalty charges and have been promised by Tata Finance, Blore that there will be no more dues pending in my contract. So I am closing this complaint.

Thanks,
Manjunath

Originally Posted by Manjunath.Hanumaiah

Hi,

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

The contract number is 5000127404.

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. Please help me in this issue.


Thanks,
Manjunath H
Bangalore