Willson
New member
- Dealer Name
- Shri Selvavinayaga Auto Finance Group
- Company Name
- Shri Selvavinayaga Auto Finance Group
- Loss Amount
- 40000
- Ratings
Greetings of the day,
I am writing to respectfully seek your intervention regarding an issue with Shri Selvavinayaga Auto Finance Group, located at Thudiyalur, Coimbatore, involving non-issuance of receipts, improper accounting, and unfair recovery practices.
I purchased a second-hand Honda Unicorn 160 (Black), Registration No. TN37 CP 3043, from a two-wheeler consultancy shop located in the Pannimadai-Vadamadurai region for ₹60,000. We paid ₹20,000 as the initial amount, and the remaining ₹40,000 was financed through Shri Selvavinayaga Auto Finance Group on 17/10/2023, with monthly dues of ₹4,140 for 12 months.
The first five monthly dues were paid regularly. Later, we made a payment of ₹12,420, covering three dues (6th, 7th, and 8th), but the finance company did not issue any receipt or acknowledgment for this payment. They also counted this amount as only two dues instead of three, which caused discrepancies in the payment record.
Due to the missing receipts and improper accounting, we stopped further payments and requested them to close the loan properly. Unfortunately, they did not respond. After about a year, they approached us for a final settlement of ₹20,000, assuring that once paid, the loan would be closed completely and the RC book would be returned. We paid this amount in full as instructed.
However, they have now counted this ₹20,000 payment as four dues and are demanding one additional due along with ₹24,000 as penalty, even threatening to seize the vehicle if we do not make the payment.
This conduct amounts to unfair financial practices and harassment. We kindly request your good office to investigate this matter, take appropriate action against Shri Selvavinayaga Auto Finance Group, and direct them to release the RC book without imposing any further penalty.
I have attached their documents along with this mail. Thank you for your attention and assistance.
Sincerely,
Willson Joseph
Coimbatore, Tamil Nadu
Phone: 9489946937
Email: josephwillson01@gmail.com
I am writing to respectfully seek your intervention regarding an issue with Shri Selvavinayaga Auto Finance Group, located at Thudiyalur, Coimbatore, involving non-issuance of receipts, improper accounting, and unfair recovery practices.
I purchased a second-hand Honda Unicorn 160 (Black), Registration No. TN37 CP 3043, from a two-wheeler consultancy shop located in the Pannimadai-Vadamadurai region for ₹60,000. We paid ₹20,000 as the initial amount, and the remaining ₹40,000 was financed through Shri Selvavinayaga Auto Finance Group on 17/10/2023, with monthly dues of ₹4,140 for 12 months.
The first five monthly dues were paid regularly. Later, we made a payment of ₹12,420, covering three dues (6th, 7th, and 8th), but the finance company did not issue any receipt or acknowledgment for this payment. They also counted this amount as only two dues instead of three, which caused discrepancies in the payment record.
Due to the missing receipts and improper accounting, we stopped further payments and requested them to close the loan properly. Unfortunately, they did not respond. After about a year, they approached us for a final settlement of ₹20,000, assuring that once paid, the loan would be closed completely and the RC book would be returned. We paid this amount in full as instructed.
However, they have now counted this ₹20,000 payment as four dues and are demanding one additional due along with ₹24,000 as penalty, even threatening to seize the vehicle if we do not make the payment.
This conduct amounts to unfair financial practices and harassment. We kindly request your good office to investigate this matter, take appropriate action against Shri Selvavinayaga Auto Finance Group, and direct them to release the RC book without imposing any further penalty.
I have attached their documents along with this mail. Thank you for your attention and assistance.
Sincerely,
Willson Joseph
Coimbatore, Tamil Nadu
Phone: 9489946937
Email: josephwillson01@gmail.com
