I took a loan from Fullerton India a month back and I was given papers stating that my installments would be debited through ECS everymonth by the 5th of each month starting 5th of Jul'10. Its 10 th today and when I saw that my account has not yet been debited, I called up customer service to ask for the reason. I was then told that the first payout has to be done by Cash!! I was never told of the same. Now they will charge insterest charge and late fees!!

At the time of taking the loan, I was told that I can pre pay the loan at 4% interest within 6 months of taking the loan. Post that I can pay the same at 3%....Now when I asked them that want to pay off the amount...I am told I cant do that till six months!! After six month they will tell me one year....I dont trust anyone in this company...their executives keep telling lies all the time!!

I dont want to carry this loan burden and want to pay off...its a big mental harrasment....Request someone to pls help me with the same.

Rupali Sharma