[Resolved]  HDFC Bank Bank Personal Loan — HDFC Bank cheating customers using Agents

Address:

Hyderabad, Andhra Pradesh

Hi All
Please be aware of HDFC Bank Loan fraud.
I had applied for Rs 100000/- personal loan from an Agent of HDFC Bank Hyderabad whose name was Venkat([protected]). He generally does his marketing through sms. Please avoid this person
He told me that it would be processed within 3 days but it took 2-3 weeks to get processed and that too after following up with them almost every day.
This guy convinced me to take the loan by saying that the interest rate would be 14.25% p.a. and when the loan process started he said it would be 15% p.a. and 1% processing fee and asked me to get on with the loan confirming that he would pay me the differential amount.This guy is a sheer cheater. Once the loan amount got disbursed he will not listen to the problems.Not only I had asked him not to include any insurance component to the loan and he confirmed me that it will not be included. But finally for Rs 100000/- the bank disbursed me Rs97714/- and when I asked explanation for the rest amount no one was giving a proper explanation.Apart from 1% processing fee I don't see any charges that should be debited from the account.

The authority concerned should look into this matter as this fraud bank with its fraud agents are try to cheat needy people and taking advantage of their innocence.These people should be dragged to court and made to pay huge fines then only they will thing 100 times before cheating people.