Location/place: MUMBAI – KANDIVALI
Name of company/service: INDIA BULLS
I had taken a Persal Loan from about financial institution. Amount is Rs.78472 in the year 2005. Company had issued a cheque of Rs.72665 i.e. less paid Rs.5807/-. When I asked to settle the balance amount, company gave me settlement letter balance of Rs.7400 to be paid. I paid Rs.2960 and told them to adjust my above Rs.5807 to square off and return my balance cash. They did not accepted this and said me that said Rs.5807 we have collected service charges against your loan sanction of Rs.78472. I asked them there is not such have service charges as per guide lines of RBI. I also asked them to show me the proof also. Beside I asked them how much interest you have collected ? They replied in their mail that 24% pa. I raised the question that you have collected from me an interest at the rate of 40% why ? I asked all the proof of interest charges and service charges to send scan copy. On the contrary If I calculate the rate at 40% company has to pay me Rs.40000/- which they are not paying. Like this company is fulling to poor needy customer and grab the hard money from the customer. Request you to kindly settle this issue and refund Rs.40000/- through you> I will be highly obliged. Thanks My mob no.9321304091
Leave a Reply