It was last Diwali when my brother purchased a Bajaj Discover bike from Shiva Bajaj, Sahibabad (Ghaziabad), U.P. The bike was financed by HDFC Bank. After doing the formalities we got the delivery of our new bike within hours. We were told that within 15 days registration paper will be handed to us.
We visited the dealer after 15 days but surprisingly he told that we should contact HDFC 2-wheeler loan executive in showroom. The executive told us that since bank has not remitted amount to the the dealer, we have to wait till 10 more days. On next visit same story was repeated. After some thime HDFC executives also disappeared from the showroom. Now almost 10-11 months has passed the dealer says that Rs.2350 still has to be paid by HDFC. Hence, they will not handover the RC to us.
Today we regret on our decision of taking loan from HDFC. We are regularly paying our EMIs. All the complaints to Senior officers in HDFC gone in vain.It is not only HDFC but the dealer is also cheating us. We are not able to use our vehicle in city due to the fear of penalties by traffic police for not keeping the vehicle documents.