Bought a car but dealer cheated 20 thousand
Neeraj Jha
(Querist) 27 January 2018
This query is : Resolved
Hi,
Recently I bought a car through a third party who deals with Banks for loans and Car dealers, I got connected with him while I was searching best deal for car online.
I was delivered the car and everything was fine but I mistakenly sign the loan agreement documents without feeling it properly and interest rate and amount columns were left blank. The loan amount to be taken is 2 lac on 8.89% but later I came to know he filled it with 2.2 lac with 9.26% and this information I came to know by his own, I started quarrel with him then but at that time the loan amount was not disbursed.
So I made a call to bank customer care and requested to cancel the loan and in this regard I sent an email to customer care of bank also mentioning that if bank disburse any amount then I would not pay any single penny as EMI.
But Bank passed the loan and 2.2 lac rupees credited to the dealer's account. Now I have the proof that in well advance I intimated to bank not to disburse the amount.
Now, Am I legally bound to pay the EMI of the loan?? inspite of I already intimated bank to not pay out any amount to dealer.
Now the dealer telling that the prize was fixed 5.7 not 5.5 and he is telling lie.
I am ready to pay EMI according to 2 lac which is justified but not for 2.2 and with higher rate of interest also.
Please help.
Ms.Usha Kapoor
(Expert) 28 January 2018
File a casein District consumer Forumfor your dues from the thirfd party ewho acted as middle man between the bank and you. The court would after thorough inquiry into your case Slap your part payment of loan+interest+damages from the 3rd party and also Bank. That's why you are advised to read fine print before signing the agreement/contract of purchase.You can complain to police also on the ground of cheating u/s 420 to the police and get registered FIR.against the 3rd party.
Ms.Usha Kapoor
(Expert) 28 January 2018
File a casein District consumer Forumfor your dues from the thirfd party ewho acted as middle man between the bank and you. The court would after thorough inquiry into your case Slap your part payment of loan+interest+damages from the 3rd party and also Bank. That's why you are advised to read fine print before signing the agreement/contract of purchase.You can complain to police also on the ground of cheating u/s 420 to the police and get registered FIR.against the 3rd party
Neeraj Jha
(Querist) 07 February 2018
Any more expertise with banks
Asgher Mahdi
(Expert) 02 May 2018
This is general tendency noted in the banking sectors that with due marketing technique offer to buy or obtain loan on either the very pretext of less interest chargeable but later levied hidden charges. Even so, they take cut throat signature on various papers on the pretext of showing banking formalities but never tell you the draconian interest part finally, land you on credit trap.Even so, you try to settle amicable with advance notice, they never resolve it and more disgusting part is the customer care of the bank is one sided path only what they say, you need to follow and when next time you call a different person will answer you without background. Ultimately, they don't want resolve it. In your instant case, you can approach the Consumer Forum for deficiency of services and hope so the forum will pass necessary award against the bank if you so have proper evidentiary documents. Before the Consumer Forum either you can approach directly or even so appoint an advocate who can defend your case welly.
