ICICI Bank
Car loans

Even i have an issue where in i have taken a car loan from ICICI bank. and while taking it they communicated a to me that 10.5% would be the interest rate (flat). And the loan amount they have given to me was Rs225000. i also confirmed with them that there were no other charges apart from those. As after getting the loan approved i didn't receive any documents from them, i called up the customer care and requested a copy of the loan agreement and the cover note. where in after a month i have received the loan agreement but never received the cover note. however when i checked the agreement, i was shocked and found that the loan amount shows is Rs245000 and the rate of interest is 11.5%(flat). And it was unbelievable that when i spoke to one of the managers in the car loan sales branch, they says that it was my responsibility to check before taking it and ultimately blamed on me which is just nonsense. Somebody please tell me that is it not their duty to intimate the customers? they are in banking sector. we are from IT. but does it mean that we are fools?

And then i stopped paying the EMI's of my car taken and one more very important reason is i lost my job in the meantime which i have intimated the bank by calling them the same day. And these idiots, whenever they called me, i have kept them informed and updated always. and now after a few months in-spite of the fraud they did, i trusted them and informed them that i will pay the EMI's as promised and will continue with the loan. At the same time a few rowdies from the Bank caught me in the middle of the road and tried to hit me and forced me mentally and physically to sign on a "ICICI bank asset surrender document" and took my vehicle away.

When consulted the collections manager. he says that it cant be settled. where in he says that he will auction the vehicle and i have to pay the rest of the amount apart from the auction amount which is unfair and nonsense.

Here, kindly notice that the error and the mistake is from their side which they are not ready to accept. In fact they are blaming the customers from whom they are eating.

SO ALL OF YOU PLEASE TELL ME THAT DO WE NEED SUCH BANKS IN INDIA WHO EATS FROM US AND BITES OUR OWN BACK. THEY ARE FOOLING INDIANS.

So even i have decided to file a case against ICICI bank. As they are fraud and cheating INDIANS, we should prove that we dont need such banks in INDIA at all.

I have a couple of people in media and also in the law. So if any of you INDIANs are facing such problems, kindly approach me immediately in my contact no given below. i have updated the same in a few more forums. I have also spoken to a couple of MLA's here.

I am going in full swing against ICICI bank to save all of us facing these problems. lets see what best i can do until my last breath.

Shantanu Chakraborty

ph: 9742570743

email: shaan.chakraborty1234@gmail.com

Company: ICICI Bank
Country: India

  <     >