I have applied for car loan at HDFC bank last week and they told me my application is pre-approved and I can get the loan in 3 days. I already have a salaried account with the bank along with a credit card.
No documents have been collected from my side except PAN Card and a photograph and till now my application has not been approved and its under processing and whenever I call their customer care, they give me the resposne, its under processing, please wait.
This is the most horrible experience that I had with HDFC bank, they made false promises which they cant stick upto and dont give reasonable answer when someone tries to contact them. I dont understand what verification they are doing when I didnt even submitted any document to them and I already have a salary account with them along with credit card. Due to their poor customer service, I am unable to get the delivery of my car. I would have applied to SBI or any other nationalized bank and avail lower intrest rate if waiting time was not the constraint with me. May I know how much time usually it takes for someone on avergae for getting auto loan approved when he/she had existing relationship with the bank
I would seriously recommend to avoid HDFC bank for any kind of future relationship.
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