[Resolved]  Fullerton India — Illegal deductions

I applied for a loan with Fullerton India, from their branch at Pune, initially they promised me an amount of more then 100, 000 but after running with all the documents that they needed, they said that they cannot give me more then 36, 000Rs, after some time I agreed as I was in urgent need of the money but when the disbursement came they deducted more then 5, 000 Rs to my shock and surprise and they said that I have to take a insurance compulsorily and they have deducted the amount for that purpose and then they have made me sign up for 5 years and the EMI is 1734 Rs which comes to 104040 for a loan amount of Rs 30990Rs. I do not know what to do in this case so please help me to get the rate reduced and also the number of years.

Praveen Bellur