bussan auto finance complaints Excess charge towards processing fee and other charges
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Sir, the processing fee @ 6.5% seems to be high. Same is not mentioned in bussan auto finance site.In addition to that loan shield charges rs 972 and ecs charges rs 550. All the above charges may be categorically mentioned in the company’s web page. Regulatory of the above charges may be obtained from rbi and to be displayed on company’s web page. Also customer care of baf india intimated that professing fee is@3.5%. And roi is 12%. Same needs to be clarified complaints . Regards
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Automobile, General, Insurance agency, Loan Agency, Other Services
6 years
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Answer ( 1 )
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I have purchased Yamaha FZ bike on Associate in Nursing car loan from (Patny Motors Begumpet) Bussan machine Finance. I requested them to gift my cheques to HDFC bank since the day I started paying my EMIs. They asked Maine to induce the ECS from HDFC bank. I gave them ECS thrice however they’re still presenting the cheques in my recent account (ICICI Bank). i’m loosing my credibleness in conjunction with cash towards bounce charges. Started loosing the patience too.
I spoke to each potential person in Hyderabad from assortment|the gathering} agents to mister Farroq Basha head of machine loans collection. when I spoke they requested for a ECS and secure solve the matter. Beleiving themI gave themthe ECS thrice.
Meanwhile I got deputed to the Singapore workplace of my company. Finding my Mother and sister alone the gathering guys started chasing my family at odd hours.
This Morning mister Ashok from Busan machine finance reached my home and wished to seize the vehicle. My sister known as up and explained Maine concerning matters. i attempted speech the gathering guys and told them that mister Farooq is already awake to this example. He successively was asking Maine to square before of him to speak. I told him however stupid he was sounding as i’m in Singapore. Even once my families requests he wasn’t willing to depart the place while not seizing my vehicle or grouping the entire quantity as well as the cheque bounce charges.
My family aforementioned they’ll pay the EMI as we have a tendency to ne’er stopped any and asked him to debate the matter with Maine concerning the additional charges. he’s still standing before of my house verbalise and not willing to travel.
I tried speech mister Farooq on the quantity given on their web site. nobody was daunted to answer the phone even once many attempts[protected]/[protected]
I request the involved authorities to seem into the matter. Seizure of a vehicle ought to be an answer to the parties World Health Organization aren’t paying the EMIs. Talking rude is an answer to a celebration World Health Organization isn’t cooperating. however I don’t fall in either of those classes Please provides a resolution to the current state of affairs