Fruad

Location/place: Vapi

Name of company/service: NA

I was taken gold loan from IIFL Silvasa abt 13000 against my 7 gram gold ornament which cost 21000 as per market rate. Due to some personnel deficiencies i was fail to pay interest on time. they send me notice to pay or we ll auction your gold to recover loan amount and i give them confirmation to make auction of my gold and collect your loan amount. This is what sorted out before a year. Now last month i have received letter stated that still i have to pay 15000 deficit amount towards loan after gold auction. How is it possible for loan amount of 13000 they were collected more than loan amount from auction and now asking for deficit this is just pure case of fraud.