[Resolved]  Sriram Finance — Worst Finance with Gundas

PEOPLE DON'T GO FOR SRIRAM FINANCE THEY ARE REAL GUNDAS AND CHEATERS

I was forced to take a trade loan and later when I was not able to pay a month's due, they came home with Gundas and want to take away things from my office. They shouted rudely standing outside my office to show off in front of all my neighbours. They told so that I will pay them on time.

I accept that one has to pay the dues regularly, but on in business situations today, people may fail to pay their due (but not too many dues, may be 1 or 2. I missed only 1 month due.) finance companies should respect their customer privacy and should respect them first.

Govt. should take action against such activities.

In most cases, these people try to cheat us by not explaining the interest rates properly. Even after a long 8 months due only 6% of my principle was deducted. So 96% paid was only interest. Initially they told me like 24% rate of interest, but I was not able to figure out their hidden tricks in it..
Was this information helpful?
No (0)
Yes (2)
Aug 14, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

What action is taking I think we should file a case against them together
[protected] [protected] let's unite and teach them lesson
if you did not have money in your pocket why did u go for the purchase stupid
They are the Robbers. RBI doesn't take any steps to stop this usury.

Say if you take a loan of 1 lakh for a period of 3 years, and they promise an interest of 10%, their cheating starts. They charge you 10% for the 1 lakh for the whole of 3 years, which is the equivalent of 21% diminishing. When asked to explain this, one stupid finance guy says this is the "Intelligent" way their finance works. People are getting robbed off.
I fully agree with the facts submitted the aggrieved persons, since my friend also had very bad expereince with the Shriram Finance Company.

They are nothing but white collared Rogues and Goondas. Probably they don't care for the governement laws. They take law in their hand and run the business with third rated collection methods.

Recently, I came accorss an incident, where they openup a case which was already settled 2 years ago, by sending a letter to their ex-client. After a month, file a case in the city court and try to block the court summon from reaching their ex-client, by wetting the hands of the concerned area postman.

So that, they can get a court order, in their favour by declaring the Ex-Client as ex-party.

Government and NGOs should seriously think over, in cancelling the license of such companies.

Nitya
Sir,
my name is UDAY, i am from kurnool dist, in kurnool dist many o[censored]r executives r doing very big mistake.They r playing with common people.Like mean [if any coustomers vehicle is ceased due to non paying of instalments, ur executives & field officers they r changing the engine, tyres, bodies, etc of those vehicles before going to ur ceasing yard.how much it is correct on the part ur BIG FINANCE COM.I am having some proofs also &more over i can prove them also.If the cost of the vehicle is 400000 lac at the time of ceasing with good runing condition as soon as it goes to ur yard it comes out with blasted tyres, acci body, engine changed & it goes for 150000 RS ONLY. here both the coustomer and the COMPANY is getting the loss.Who is going to bear this all.At least now take action R OTHEWISE TRY TO PREVENT THEM .I can show them along with proofs.
thanking u
i fully disagree with u all.Sir just think for a while .the money which nbfc lend to a customer is our money.If customer is unable to pay the loan on time then who will give the money to the investores.Its the company who will pay money to them on time.and second thing is that if you give some money to someone then will you not want totake that money back on time with interest..?So think from mind .finance company is not a money making machine.No one can ban or cancel the licence of nbfc, just think when you travel by bus or car oe through taxi, it may be financed by some bank or nbfc
i have cusumer loan in sriram finance, my loan no is H1CDTUT0915843, now i want to know my finnace pending status, so please sent to me in my loan status, my mail id is sun.[protected]@sify.com
Sir, I am Vijay kumar Gupta. I Purchase A LPT 709 . My inst. is due till 7th. I cant't paid this time full inst.I want to refinance my loan. Pls do it Sir.My cont. No is [protected]
I Mr N Srinivas has taken vehicle loan in the month of september 2009 and the same has been completed in the month of 07.07.2010 after several follow ups today i.e 14.09.2010 we have recieved NOC but however we are yet to get The key which is deposited at the time of taking finance when we have asked about the same at the local office at secunderabad they where not responding to us properly and Ms archana some other person where using bad language when our visited at the office.

N.Srinivas vehicle No AP10AS 9840 ph no [protected]
I know these things, the said company's Recovery System is really very Strict & Harsh, No body come forword, No body knows R.B.I. has given guidelines for fuctioning but these kind of companies don't follow the same. We must come forword for Complaining agaist these, If somebody wants Anything help i.e. Legal Advice please mail me as I am Law Graduate & doing P.G. on id... ( nitinkumar.[protected]@hotmail.com)
I HAVE PURCHASED A LAPTOP IN LOAN (PER MONTH 3105*6). I HAVE FINISHED 3 MONTH LOAN. ON THAT TIME I NEED A TWO WHEELER LOAN SO AGAIN I WENT TO SHIRAM FINANCE THEY TOLD ME TO CLOSE MY PREVIOUS LOAN SO I HAVE PER CLOSED MY LOAN BEFORE THREE MONTH THAT I HAVE PAID 9315 EARLIER ON THAT TIME OF GIVE THIS PER-CLOSED CHEQUE I HAVE ASKED MY BALANCE THREE CHEQUE. SHIRAM REPRESENTATIVE PERSON TOLD THAT THEY WELL HANDOVER MY CHEQUE IN EVERY MONTH WITH OUT DEPOSITING IN BANK. BUT IN NEXT MONTH IT SHELF THEY DEPOSITED AND 3105 OF MONTH WAS CLEARED ON   17/03/2011 FOR RS : 3105 AND I HAVE ASKED MY MONEY RETURN THEY HAVE COMMITTED FOR TWO DAYS STILL TODAY 30.05.2011 THEY HAVE NOT RETURN MY AMOUNT

IF I DELAY TO PAY MY LOAN AMOUNT THEY WILL PUT PENALTY TO ME. NOW THEY HAVE TAKEN MY MONEY AND STILL DATE 30.05.2011 THAT MEANS 2.5 MONTH WHAT THEY WILL REFUND TO ME MY ACCOUNT NO. CDCARKNM0000052
they are not telling about sriramlife insurance premiums and profits
in insurance plans how many years will be pay in all plans. we want chart and premiums
when we pay to insurance premiums how will we see in which website?
I have a loan account with you and would like to settle with immediate effect. Could you please advise how long it will take to issue your clearance letter. So that I will be able to make an agreement with my Anticipating to hear from you soon. my mail id: [protected]@yahoo.com
Regards,

Mohan Kumar
Vismaya Travels,
Hi friends,
Shriram Finance is the WORST organisation to be financed from.They are Blood Suckers.
I am one among the million victims of Shriram.

Today, I have started a community "I hate Shriram Finance Org." in Orkut.
Pls join the community and post ur experience.
I will be posting my experience shortly.

Thanks,
Durga Rao Goli
i am totally agree with you guyz... i am the existng cust of shriram finance...they mislead d cust like anything...really they are the gundas...i tell you guyz please tell everyone not to take any loans from them...
Shriram City Union Finance Ltd.


I also met same issue.i bought one bike in Honda with finance in shriram finance.my due date 7th for every month.i have given 5 blank check to Shriram. unfortunately i wrongly signed so check bounced due to sign differ then they were collecting 500 fees. that's ok. i suddenly i pay my due amount after my check bounced.they were calculating interest for late payment. ok i did`t get upset.i realized that ok its my fault.after that i requested them that "i might be signed differ in remaining check so please give it to me i will give another checks with suitable signature".but they were not ready.if they will give means they will collect Rs.750 from me.also they were not ready to accept my cash payment for the remaining due.i knew remaining checks were signed differ. also they told me if two check bounced then only they can accept cash payment.if it happens means i will loose another 500rs for remaining check.even i decided to go bank to change my password my bank branch placed in Chennai. now i am living in nagercoil. My bank branch has only authority to change my sign.leave it all.they were not treat us customer.they are dominating all the way. i didn't suggest any alternative way to solve this issue. i paralyzed this issue.COMPANY NAME - SHRIRAM FINANCE BRACH - NAGERCOIL
Shriram City Union Finance Ltd.


I also met same issue.i bought one bike in Honda with finance in shriram finance.my due date 7th for every month.i have given 5 blank check to Shriram. unfortunately i wrongly signed so check bounced due to sign differ then they were collecting 500 fees. that's ok. i suddenly i pay my due amount after my check bounced.they were calculating interest for late payment. ok i did`t get upset.i realized that ok its my fault.after that i requested them that "i might be signed differ in remaining check so please give it to me i will give another checks with suitable signature".but they were not ready.if they will give means they will collect Rs.750 from me.also they were not ready to accept my cash payment for the remaining due.i knew remaining checks were signed differ. also they told me if two check bounced then only they can accept cash payment.if it happens means i will loose another 500rs for remaining check.even i decided to go bank to change my password my bank branch placed in Chennai. now i am living in nagercoil. My bank branch has only authority to change my sign.leave it all.they were not treat us customer.they are dominating all the way. i didn't suggest any alternative way to solve this issue. i paralyzed this issue.COMPANY NAME - SHRIRAM FINANCE BRACH - NAGERCOIL
SHRIRAM IS A AND REDICULOUS FINANCE COMPANY THEY ARE ALL PLUCKING MONEY FROM CUSTOMERS AS A EMI FOR LOAN AMOUNT. SUCH A REAL THING THIS ACTUALLY I GOT LOAN AMOUNT 3LAKHS FOR MY SISTER MARRIAGE BUT WHEN IAM GOING TO FINISH THE LOAN AMOUNT IT WAS 4LAKH 50 THOUSAND SEE HOW THEY ARE CHEATING PEOPLE THIS IS RUBBISH AND REDICULOUS THINGS.

so plx somebody consider and give punishment to that shriram groups bcox of shriram one whole family went to frustrated and trying to do succide so plx put them in jail
Sriram very worst in handling a customer...people are very rude...All are gundaas, terrorists, ...I will tell you all my what had happenned to me with this sriram finance ...I took a vehicle loan of Rs.40, 000, I paid the loan perfectly every month without any due...and I cleared the loan completely but I forgot to take my cheque clearence and everything because of my work busy...after 6 months i got a notice that I need to pay Rs. 75000 so I checked with the finance and they informed me that there was a balance amount i had to pay i.e Rs. 5000 + interest that is 75000...you think now these peoples are fraud making money in peoples tears ...Government shld stop this finance...

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit

    Contact Information

    India
    File a Complaint