Can I cancel my car loan before delivery and get refund?
Can I cancel my car loan after disbursement but before delivery? I did not make any down payment. How was the dealer invoice generated without my signature or permission? I want to cancel the loan and request a refund from the bank.
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Advocate By LEAD INDIA
Answered: 21 Jan 2025
Sir, you might be able to cancel the loan before the car is delivered, but it depends on the loan terms. Reach out to the bank right away to request cancellation. If the dealer generated the invoice without your approval, you can challenge it. It is a good idea to consult a lawyer to understand your options and get the loan canceled. For further legal assistance contact us on our helpline number.
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