Banks finance the purchase of a new car or a used car
through a car loan.
Car loans are available at reasonable interest rates and a tenure which enables
easy repayments. Car
loans help you buy the dream car at a young age.
Want to know more on Car Loans? We at IndianMoney.com
will make it easy for you. Just give us a missed call on 022 6181 6111 to
explore our unique Free Advisory Service. IndianMoney Complaints
is not a seller of any financial products. We only provide FREE financial
advice/education to ensure that you are not misguided while buying any kind of
financial products.
Post Your Complaints on IndianMoney If You Are Cheated in
Car Loan
Car loan Fraud:
Car
loan Cheated are committed by
both dealers and financing agents. These are some of the cheated you should be aware of:
- Guaranteed approval: There is no such thing as a guaranteed loan. Any lender will first run a credit check before approving the loan. So, if you have a bad credit score, your car loan will not be sanctioned.
- Upfront payment: Some dealers may ask for upfront fees. The lender lures the customer to pay a fee before the application is processed or before the funds are disbursed. This type of scam typically takes place online.
Financing scam:
Another type of fraud related to vehicle financing is
when the dealer incorrectly discloses the financial terms of the loan. This
dishonest practice is designed to dupe the buyer into thinking that the loan is
more favorable than it really is.
Are you cheated by Loan Providers? Cottage a complaint on
Iamcheated.com which is a free online consumer complaints portal, which
registers consumer complaints online and helps resolve them. If you have been
cheated by banks or do not receive any response, do get in touch. You
can post your complaint on Indianmoney.com complaints portal IamCheated.com.
08042687207
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