I am writing to you to raise an issue about: Car Loans
The issue that I have experienced was: My Loan account no is 1xxxxxx0, I had bought a Mahindra Thar in November 2021 which was financed by HDFC Bank. The EMI was debited through ECS. Recently I approached the bank for foreclosure & they said they charge a whopping 7.08% that is 70000 Approx. on Loan amount balancing 9.60 Lacs. Which was unbelievable. Again this was never mentioned when i approached the bank for loan through Mahindra Showroom. I have never defaulted on the payments & have been paying the EMI on time as per the schedule & this is what we get for being a loyal customer.
Request you to Please do needful as i am closing from my own fund.
I have send above mentioned mail 5 times to Managing director of HDFC bank with CC TO loan support but the matter is not taken up
Ghaziabad 201002, Uttar Pradesh