This is Bhaskar Rao Mylapalli from Hyderabad. I have Preclosed my HSBC personal loan and even after that monthly EMI has been deducted from my bank account. I have suffered a lot with this irresponsible transaction done by HSBC. Due to this reason cheque worth Rs.6692/- that has been issued on my credit card was bounced and I could not pay my credit card and other bills on time. I am facing a lot of financial problems due to this wrong transaction.

I took personal loan (a/c 081464760526) Rs.3,30,000/- from HSBC, Hyderabad branch in the month of April 2006. I met the HSBC representative on 5th Feb 07 and I gave him a UTI cheque(no:811042 ) worth Rs. 3,12,363.00/- as per the Loan Foreclosure calculations he gave me. After receiving the cheque, representative said that it would take 5 days for cheque clearance and 10 days to get a NOC letter from HSBC. Loan has been closed on 10th Feb 07. And monthly EMI Rs.7936/- has been debited to my bank a/c on 12th Feb 2007. I called HSBC customer care on the same day and she said the amount that has been debited would be credited back to my account within 7 working days. This is not happened till today and even i didn't get pre closer letter.

FYI: If HSBC representative had tell me that monthly emi would be deducted even after closing the personal loan, I wouldn't try close the loan and will close it after EMI get deducted from my bank account.