Magma Fincorp Ltd - magma fincorp ltd — Magma submitted my cheques after loan termination without my
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Complaint by: Alex K A on March 15, 2016, 8:38 pm in Loans All

Customer name: Alex K A ( Kadeparambil Antony Alex)
Magma Fincorp Ltd, Kochi
Business address: Magma Fincorp Limited, Magma House, 24, Park Street, Kolkata - 7000016

Business website : https://magma.co.in/
Business phone: 0484 405 5666

contact number : ********65

Loan number/ proposal number: PG/0119/C/13/000400

customercare@magma.co.in


Dear Sir,

Subject: magma fincorp ltd — Magma submitted my cheques after loan termination without my authorization

Here is my vehicle account details:
Registration number: KL 43 G 8083
Vehicle: Eon Dlite +

I had taken a loan from Magma Fincorp Ltd, Kochi, Kerala and i was unable to pay the last few installments due to my poor financial condition. I had then surrendered my vehicle KL 43 G 8083 to Magma Fincorp Ltd, Kochi, Kerala. The vehicle was then sold to another person and i was informed by Magma that i would receive my cheques to my address in post. I still have not received my cheques.I only have received my finance termination letter.

After a very long time, i have received a letter asking me to pay the balance amount for KL 43 G 8083.

I have attached documents alongwith this mail as reference . Please reply urgently. You may contact me at anytime on ********65 or mail me for any further queries.

Magma Fincorp has cheated me by not sending me my cheques and then submitting my cheques to the bank without my authorization for a vehicle which is not even in my name now . That vehicle has been sold off to another person by Magma afteri had surrendered .

Regards,
Alex

Complainant's Goal: To retrieve my cheques held with Magma Fincorp illegally and to stop Magma Finco
Complainant's Target: Magma Fincorp Ltd
Complaint Location: IndiaKerala
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