Login / Signup Show Tiles Close

Jamal Assy

Loan Summary not Provided. Hidden Terms and condition in NBFC (Home Credit India)

I Have took a Personal Loan of amount 50000(Fifty Thousand Rupees) 6 Months before. While Applying the loan i have said to the customer care executive that I need this loan for only 6 Months , After 6 Months period i will close this loan. I also inquired that weather i need to pay interest rate for this 6 months. At that time the executive said that you can close the loan after 6 months by paying 6 months interest rate. After 6 months of paying Emi amount of Rs 2383 Rupees per month, While I tried to close the loan they have said i Need to pay amount of Rs 48900 more to close the loan. As i enquire about this issue, They have said the loan is in Reducing Balance rate. But this Terms didn't tell by the customer care executive while I applying for this loan, They have said that this terms is in loan summary. But when I check My mail, They didn't sent any Loan summary , nor terms and conditions to my mail. Also I didn't Sign Any document accepting this terms and conditions. Only they saying that it was there in their site while applying loan. But I need to know how valid is the online terms and condition? infact anybody can apply loan on behalf of me if he / she have documents of me. . I am ready to pay interest Rate of 28% for 6 months. I have give complaint to consumer affair . Will i get a favorable action? more  

Viewed by 15
Bhushan Fulpagare
You can sue on company. Kindly contact me on 9175115239 more  
Post a Comment

Related Posts

    • Customer Compensation for Internet downtime

      As a broadband/optic fiber internet service subscriber, are you facing network issues ? I've been facing internet black out periods due to service provider issues. Though they resolve it in a ...

      By Prajith PS
      /
    • Why electric scooters cost 4x in India

      In China these electric scooters cost as little as $300 that would be equivalent to approximately 25000, whereas in India it starts from 1lakh; what's the reason?

      By Reeta Kumar
      /
    • Pathetic Tata Cliq

      Has anyone returned items on Tata cliq? I returned some items for a size mismatch and they decide they won't refund it for a 'quality issue'. No more details. I have shopped on myjio, Amazon, Myntr...

      By Ashima Gupta
      /
    • Hybrid cars

      Currently, GST (28%) + Cess (15%) on hybrid cars is 43%. Nitin Gadkari Transport Ministwr has urged to slash the GST to 12%, leading to GST (12%) + Cess (15%) =27%. So hybrid...

      By Rajesh Suri
      /
    • Cash only??

      Recently, one of my colleagues had to be hospitalised and thereafter undergo physiotherapy in a center. The physiotherapy center was insisting on cash payment for amount which was ruuming into thou...

      By Padmanabhan G
      /
    • Airlines cheating Neta/Babu sleeping

      New Fraud by some Airlines 1- You Booked Flight 3 months before travel day at Lowest Price of Rs 4300. 2- After that, Airlines will cancel your Flight just few days before yo...

      By Sneha Goyal
      /
    • CONSUMER BEHAVIOUR SURVEY

      Hey Everyone, I am seeking your opinion for consumers behaviour in using e grocery stores or online stores in tier 1 cities or other cities too, do consumers prefer comparing prices , ETAs , refund...

      By Harman Sodhi
      /
    • Consumer Ministry is in slumber

      This has ought to be the worst performing ministry of India. For 4 years since mar 2020 patanjali has been misleading consumers in India and this ministry can’t do a thing. See this ad. Can l...

      By Dipali Yadav
      /
    • Apollo Pharmacy cannot be trusted

      My mother in law went to Apollo pharmacy to buy diabetes medicines and people over counter were selling these powder to all the diabetic patients saying diabetes will get cured with this powder and...

      By Lakshmi Sitaraman
      /
    • Govt just announces no follow through

      These days repairing electric goods cost almost the same as buying a new one. Ceiling Fans stopped working. Electrician checked it & changed capacitor. Still not working. ...

      By Radha Puri
      /
    • 5-day working week for banks

      while digitisation has considerably reduced the visit to banks,one can still see a lot of visitors to the bank,especially the senior citizens,women SHGs,fixed deposit holders etc. for the conv...

      By Suresh Dasarathy
      /
Share
WhatsApp
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

हिन्दी About Us Citizen Pulse News Trending Team Career Privacy Policy Sitemap Contact Us
© LocalCircles 2024 FB Link Twitter Link
All My Circles
Invite to
(Maximum 500 email ids allowed.)
Send