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|28th February 2007, 16:38||#17|
Join Date: Jan 2007
Thanked: 15 Times
I took car loan from ICICI in March 2005 for 3 years. after paying the 26 EMIs, I got a call from ICICI and they were offering Over draft facility on my car. They said that they would evaluate the car and open a current account and pay the rest of my loan in once. when I asked them about the rate of interest, they said that I would not need to pay anything for the money, which they paid on the loan, only if I use the money from the current account, they will charge 7%. But when everything was done and I received all the documents and new account cheque book and ATM Card, I came to know that there is interest charge on the amount, which was paid for my loan.
So basically, I had almost paid the full interest in my EMIs and to make more money, they offered my this overdraft facility and gave me wrong information intially.
I am going to pay the complete amount in another 10/20 days and close this account. I have also logged grievence on website--http://www.corecentre.org.
|13th August 2013, 08:51||#18|
Join Date: Nov 2009
Thanked: 299 Times
Any idea if any financial institution offers an interest free car loan in Chennai?
I know for a fact that Audi Finance offers interest free car loans for their brand vehicles. Any one having information on something similar from other auto finance kindly provide details.
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