Car Loan Cancellation Policy

By trojantroy_2008 •

Last Thursday afternoon I advised the Bank agent to proceed with the processing of my car loan. On Saturday morning I sent an SMS to the agent to cancel my loan due to personal reason. As far as I know it couldn't be approved yet as I haven't signed the document. I don't know which comes first (in this country), my signature or the bank authorized signatory. I was advised by the car agent that I might be penalized for cancelling the loan. I this true?

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3 comments Sort by rating

By AkbarAli3003• 23 Dec 2012 06:22

the above guys are perfectly right, need to teach that agent a lesson!

By anonymous• 23 Dec 2012 05:29

if you havnt singed any documents then just ignore their calls both are looking after their commission.

By thatsabhi22• 22 Dec 2012 22:57

its not trueee.. he is just taking his chances to get his commission on ur loan......tell him BUZZZZZZZ OFF

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Car Loan Cancellation Policy

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