Complaint regarding personal loan from Shriram finance – India Consumer Forum

Complaint regarding personal loan from Shriram finance

This complaint is associated with my personal loan ac. Number Nxxxxxxxxxxx3 taken from Shriram finance for sum of amount 90000. The loan formalities were initiated by Loan agent he informed me that the RI will be 19.5 % per anum and processing fee will be 2% beside all he taken 8000 as his fees . I know Shriram finance helped me with most critical crisis but they have taken advantage of my compulsion
I have paid total 14000 to get approval. I was also informed by agent and bank officials that I can foreclose it anytime after 6 months from 1st instalment but now bank officials denied to do so.
I belongs to middle-class family and as only earning member of family I I have many other responsibilities and in 20000of salary m paying 4120to shriram only .I am so frustrated that I needed money for medical emergency concerned with my mother and now its getting harder to pay such a huge interest rates. Please do something to get me out of it. Expecting a clear and conservative response.

Aaditya Kandilkar
Nagpur 440024, Maharashtra
Email: axxxxxxxxxxxx9@gmail.com
21/06/2017 / 7:59 am



2 comments

    • Ashutosh on 28/01/2020 at 12:10 am

    Dear sir,My husband applied personal loan from shriram finance. Today morning he got a call from company executive ,he told to send the document s on whatsap. And after sending document he send my husband a loan approval letter. He told to deposit processing fee in company accounts. After depositing processing fees his seniors called my husband and told to deposit 6,999 as insurance fees. When we refused to take insurance on loan they are giving threats of police and legal notice.
    Kindly look after the same. I don’t have received any loan amount in my account till now.

    • ICF on 28/01/2020 at 11:52 am

    @ Ashutosh
    We have provided a separate link for submitting complaint. Please use the link to submit your complaint for our perusal and action.

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