| Address: | 560076 |
| Website: | kvb.co.in |
I applied for loan against property for 2cr at btm layout branch bangalore. Branch manager mr. Anil kumar clearly mentioned that we will get 2cr for sure and also will reduce the rate of interest to 12.5% and processing fee also by 0.5%. The day i applied there is a person from same branch bank employee mr. Basavana gowda works under this manager approached and said that we have to pay 1% commission i. E., rs. 1.6 lakhs to them to do this loan which will be shared among manager, do manager, chief manager, prasanth and lenin team from do office. I asked is it mandory he mentioned yes, so i agreed to give as thinking it is bank process.
Where as after applying for the loan and by paying 80k i got informal sanction letter for 1.8cr with rate of interest 14.95% and 1% as processing fee. When i asked they mentioned that is the best we can do and proceed with loan sanction, i agreed and signed the copy.
Later a day again they asked for their commission and i given some amount and they given sanction letter for 1.6cr instead of 1.8cr which they commitment in earlier letter. When i asked for the same they mentioned that you have to go for higher registration value etc. As my seller is not interested and without any other option as my agreement date is going to expire in another day, i agreed to it.
I signed the formal sanction letter and all other papers and ready to go for registration. On that day bank manager said you have to put fd which is equivalent to 3 emi's. I totally not ready for it as i am in need of money and due to that only i taken loan, he promised that with in 3 months you will get your fd money bank. He done fd for 10.75 lakhs and given me the receipt for 6 months maturity.
When i asked for fd after 3 months they keep saying some reason and i was waiting for 6 months to complete, when 6 months completed i asked for my fd release and manager told my do office told not to release and without my knowledge they extended the fd for 6 years. I was totally upset and went to do office which is there in v. V. Puram, bangalore and spent a day there and given written complaint about all process they took and eaten money from me etc. Even i clearly told that i won;t do further payment to loan until my complaint answered.
Do given assurance that with in 15 days they will solve the issue and release my fd, where as i waited for 2.5 months and still no response nor any action against my complaint.
In fact they are sending mails saying there is outstanding and you have to pay if not will post in cibil etc.
Taking loan from karur vysya bank:
* got mental torture and business loss because of going back side of them.
* paid 1% as commission to bank people.
* more interest rate.
* no value to customer etc.
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