May be they are blending the car loan with personal loan product. 10 lakhs is car loan and another 10 lakhs as personal loan , blended in car loan. If your income and EMI paying ability is there then its not reckless. Also dont judge a big company with just one incidence. Such incidences are happening regularly with Bajaj Finance and HDFC bank . If we do our decision making on such incidences, you will get many such incidences in every company of your portfolio.
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