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Complaint Details
Pending

Indiabulls

Posted byK.L Grover 
Organization / Product Details
Organization Name
Indiabulls
Organization e-Mailmdhincense @yahoo.co.in 
Product/Service DescriptionFradulent Loan
Warranty Status
Complaint Details
Reason for Complaint 
Complaint Rating8(in a scale of 1 to 10)
Name of the Company EmployeeNitin Sharma(Asst. Sales Manager) 
Complaint Details

We had asked for a fifteen lakh business loan with a rate of interest of 15.99% to be repaid in 36 instalments of Rs.52735 each and with a processing fee of only Rs.7500.Instead we were given a loan of Rs.1550000 in which Rs.30000 was deducted as insurance,Rs.34157 was deducted as processinf fee,Rs.3956 was deducted as advance EMIand in the end we wre only given an amount of Rs.1481887.The EMI were also increased from 36 to 40.We were made to sign blank papers.Now the agent does not even answer our calls and his superiors are equally oblivious of our complaints.What can we do? Please help. 

Solution of your complaintThe solution is either rectify the loan amount or take the loan amount back immediately. 
ActionI plan to take legal action alongwith sending my complaint to newspapers and consumer forums like your prestigious site. 
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