Team-BHP - View Single Post - Car loan checks returned without closing loan !!

ashthedivx · 5th November 2008, 10:23

Last week i received a packet from KOTAK Mahindra Auto loan dept carrying 5 checks given at the time of picking up the car loan. I haven't closed my loan any regular EMIs are going to the Bank.

To my utter amusement it's been a week and no one has contacted me so far for the checks stating concern for returning the checks. At last i called up Kotak mahindra and inquired them about the purpose of sending checks back, but even they were suprised to hear such incident. They have assured for the call back..

A collegue bluntely told me to immidetely stop EMIs and claim the "Loan Paid" certificate and go for HP removal from RC

Any idea how should i proceed or what should i do with these checks ??

5th November 2008, 10:23	#1 (permalink)
ashthedivx Senior - BHPian Join Date: Feb 2007 Location: Delhi Posts: 1,018	Car loan checks returned without closing loan !! Last week i received a packet from KOTAK Mahindra Auto loan dept carrying 5 checks given at the time of picking up the car loan. I haven't closed my loan any regular EMIs are going to the Bank. To my utter amusement it's been a week and no one has contacted me so far for the checks stating concern for returning the checks. At last i called up Kotak mahindra and inquired them about the purpose of sending checks back, but even they were suprised to hear such incident. They have assured for the call back.. A collegue bluntely told me to immidetely stop EMIs and claim the "Loan Paid" certificate and go for HP removal from RC Any idea how should i proceed or what should i do with these checks ?? __________________ Ashish K "Ninety percent of the politicians give the other ten percent a bad reputation."