31 May 2012
You must have the proof of amount taken by the Bank or the same has been adjusted from Loan Sanctioned. .
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 June 2012
sir,
I describe you the whole things. Actually we bought a car of Rs. 15lakh from toyota through finance.They(Sale agency) send us an invoice of Rs. 15 lakh.But the payment were made as follows 50000 booking amt. 200000 Down payment 50000 1st EMI 5000 File charge 12lakh Loan
Hence we made a payment of 15.05 lakh but receive invoice of 15 lakh.
Now see it from another angle from Agency's point=====> collection=50000+2Lakh+50000+5000+11.95Lakh=15lakh only
From bank,s point==> Loan amount 12 Lakh Payment made to Agency=11.45 But they show in loan statement 11.50 lakh