R. Vishwanath
Agreement No: 5849996
Loan Amt: 552,872
Loan Cancellation Request No: 01309749.
Incident:
Booked a car(Honda City 2013) with dealer ?Sneha Cars? Inner Ring road Bangalore, deal finalized for 6L and applied loan with Capital. On 30th April got a call from capital first to sign the agreement for the loan sanctioned for 4.5L. I went to the dealer to signed however the dealer has increased the price to 6.5L. Since I was not ready for the additional quote I didn?t sign the loan agreement and informed I want to withdraw the loan application and left the showroom. After an hour around 5pm got a call from capital first and informed loan is approved for 5.5L so I can go for a car. I responded that Loan is not an issue but the price of car is hiked by 50K which I am not ready to take. After couple of hours bank person again called me and informed he has negotiated with owner and finalized price for 6.3L and asked to come and sign the document as it was last working day of the month and delay would cancel the loan and he has to meet the target. I went back to the dealer and dealer finalized for 6.3+ commission+ Ins+ documentation to 6.5L. I signed the documents and payed 50,000 Advance. Once loan amount is debited to dealers account, I went to pay the remaining 50,000 balance and take the delivery however, the dealer demanded 30K addition. 6.5L for the car+ 30 K processing and other documentation. Since this is a pure foul play and unethical business from Dealer and bank employee I have pulled back from this deal. I have informed both dealer+ bank to cancel this purchse. But dealer has refused to pay the advance money 50000. and claimed additional 14000 for insurance, while insurance is in old owner name and without insurance bank not suppose to approve the loan. I wonder how this is to be bared by me.
I have raised the loan cancellation request # 01309749, and filing consumer case against the bank and the dealer.
Request you to connect me to Business Head ? Rishi Mishra to solve the same.
PS* - I signed the agreement on 30th April and the letter states agreement date as 27th April. I wonder how loan eligibility increased from 4.5L to 5.5L in 1 hr and agreement date moved to 3 days past.
Bank Emp involved: Ravi & Kiran(Bangalore)
expecting a response.
Regards,
Vishwa
