I availed of an auto loan(Misfortune on my part) from TATA CAPITAL, Chembur branch in MAY, 2008. Because of totally unprofessional services from their end, I foreclosed my loan and made payments of Rs 581857/- dated September 26, 2008(Principal+4% penalty charge). I was told by the operations team at chembur that I would get my foreclosure certificate within 10 working days which I never got inspite of multiple follow ups from the Chembur Branch namely Mr Shivshankar and one of the sales guy(Mr Gaurav Garg).
I relocated to Bangalore last month and I sent my complete correspondence address to the Chembur Branch alomost a month back and they promised to get the loan foreclosure certificates and my post dated cheques sent as soon as possible to my Bangalore address. But even after following up for more than a month, I have not received my loan closure certificate, my post dated cheque worth 6 lakhs. And to add to the woes, I see that TATA CAPITAL is continuously doing ECS on 10th November amounting to Rs 13656/- and another ECS on 11th October of Rs 13656/-.
So now even though I paid all the money to TATA CAPITAL 2 months back, still they are withdrawing money through the ECS.
TATA CAPITAL is running a big scam of cheating people of their money. Even though I have written multiple complaints to their high management but no one is looking into the matter. I just hope that people stay away from TATA CAPITAL or else they are going to be cheated big time.
Regards
Neeraj Kumar