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[Resolved]  Citi Finance — personal loan

Dear Concern,
i had a personal loan from citi finance which has been settled now but once i apply for any kind of financial product from any financer if they check in cibil it shows negative......and my application gets rejected.....so now i want to know that how i could be able to get help from any financer..



Warm Regards,
Sunil Sharma
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Aug 13, 2020
Complaint marked as Resolved 
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One of the worst organziation i have ever seen is CITI FInance.
By Mistake and some compulsion I opted for a personal loan from citi finance for 15K, during 2005, with my condition I agreed for a heafty Intrest rate which is 22% PA, I was paying around 1090, I had already paid for more than one year, one fine day some guy calls me and offer a topup loan, they offered 50K Loan bcoz of my prompt repayment. When i approached they handed over me a cheque of 35K where in my payment since one year has reduced the principle by 4K, and with some preclosure charges they deducted 15K. Now this is with very great service midset they offered me at 21% rate of intrest.
Now i am paying the EMI of about 2024/- since 2006, still it is notcompleted. I have ended up paying around 80K for a loan which i took of 50K(actually got onlty 35K).
I always feel in what dirty buisness i got trapped. I approached the citifinace and tried to close the loan. they never worked for it and further many ECS they present before the due date, and as lack of funds 276/- is debited in my saving account. consolidately i have incured more than 1 Lakh rupee loss in this transaction.

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