Axis Bank Ltd. — Fraudulent activities during loan

Address:

Jodhpur, Rajasthan

Axis ban employees or their franchisee will tell you that processing fee will be reduced after approval from some higher level but never believe it as they will charge full with additional charges in the name of stamping charges.
They will tell you that if loan is repaid/cleared after one year, no penalty will be levied but instead they will charge at about 6% .When you ask them, they will tell you that it is written in your agreement and you will find that it is there and you can do nothing except loosing money.
They will not disburse the loan amount on due date after sanction and signing the agreement saying that there is a discrepancy in papers. You are in a bitter position and can do nothing In this situation either loose your purchase by forefitting advance money or offer some to ban personal for disbursal of loan amount.
If you fail to manage the bank personal, all processing and stamping charges will be forfeited and nothing will be refunded. You will have to loose all advance money paid for purchase as well as the processing fees and stamping charges.
The above fraud may occur in many other bank also but particularly BEWARE of AXIS Bank.