HDFC Bank
Car loan

Dear Sir/ Ma’m

Loan Ref. No. – 13389700

I, Sumit Budhiraja, had applied for car loan in the month of June. On 14th June I was paid visit by your representative for car inspection followed by office inspection. No reply/confirmation followed from your office.

On 25th July I received phone call from your side that car need to be inspected again. On 28th July car photographs were again taken. I was told reason, that nothing had happened on processing of my loan file, so the previous inspection report had expired.

Again no further response from your side.

Shockingly, on 9th August at 4:09 PM, I received a SMS at my mobile from HDFC-BANK, that my first EMI of Rs. 9276/- is due on 7th September.

I demand an explanation that till date I have not received any communication/ confirmation and more so over, no cheque/ payment from the HDFC Bank, then how come you can demand EMI from me.

I wonder, which is this kind of banking, where without giving loan to borrower, the lender (HDFC) demands repayment.

I am completely baffled and frustrated at such a lingering and dark functioning of the bank. I state in clear terms, that you cancel this loan with immediate effect, I am not liable for a single paise payment to you, and if you people try to harass me, I would be forced to lawful measures against Bank.

You are advised to revert to me with the confirmation of cancellation of this phantom loan and return my documents at the earliest.

I have already waited for your response since June and now bullishly you demand EMI without disbursing loan to the borrower.

Sumit Budhiraja

CA, LL.B., M.Tech, MBA, MASE, MCP, B.Sc.

Company: HDFC Bank
Country: India

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