Avanse Financial Services — Unethical lending practice

Address:	7-E, 5th Floor, Swami Ramtirth Nagar, Rani Jhansi Road, Jhandewalan Extension, Delhi 110055
Website:	www.avanse.com

Hello Sir/Ma'am,

My name is Haider Ali Siddiquee. I recently finish my Master's degree from US. I have a complain agaist unethical lending practice by Avanse Financial Services. I took education loan from them in 2018. Since then I'm having problem with this company. Initially, they force me to take health insurance with their education loan even my university does not accept it. They said to me without health insurance they will not give me loan. Then they forced me to take complete loan amount so they can charge interest on it. Even I said, I need half money in my second semester. After taking loan they charge a lot for transferring money to US bank. Now, since last three months I'm trying to increase my EMI so I can pay my loan ASAP. They always reply back they are working on it and never increase it. Even I talk to money student in US they have the same story with this company. This is totally unethical to take advantage of someone's poor situation. I would like to file a complain against them.