I am very disgusted to write such an evil review of Sundaram Finance(we will call it SF) because I like their TVS group very much. So I had personal liking towards this company. But I feel things has to change regarding the idea about these people. Here is my problem:
We reside at present in pollachi(near coimbatore) and we have our own houses here. In 2006 our family was in chennai. Me and my father were in chennai. Our house construction was done by our trusted builder who had our house documents with him. Here came the problem with a person say X. this X was working under the builder and managed to take copies of the house documents without the knowledge of the builder and quitted his job. Now X took these copies and bought a 3 wheeler from sundaram finance. Now the question of gurantor was done with some other person say Y. This Y claimed that he live in house as indicated by documents and also provided a gurantor letter.
Now if sundaram finance SF had checked the mentioned residence they would have come to know it was false as my father was living in chennai and the person is altogather different. Why did sundaram finance did not do that? Sundaram finance person in coimbatore who also knew X approached us for finance for a new car we were thinking to buy was shocked to see that Y was altogather different and ran away.
Now SF clearly did mistake in financing loan to Mr. X and now wants my father ot repay the loan as they claim him to be gurantor. What a disgrace, stupidity or whatever it may be. pay 1.6L rupees for someone who has used your name without your knowledge. How idiotic is SF in providing loan for X without veryfying? Will I have to pay for SF’s mistake? really heartbreaking.
They arranged for arbitration and my father appeared in person. After 2 month there came an intimation of absence. What is happening? Has everyone gone mad? The Arbitrator has given a new twist and directed my father to pay money! Surely the arbitrator has been bribed by SF to be on their favour. Who is going to question these cheap persons? Where is India going? All people do anything for money! Won’t it change at all? I think only CBI can save us from the clutches of these evils. God save us and save India