Credila Education Loan — Worst Level of service: Documents not being returned now | |||
I had applied for an educational loan through Credila on reference from an NGO Organization. Initially the plan looked wonderful and I skipped applications to all other banks when I was told that I would get the sanction within 7 days by Mr. Siddhesh & Mr.Tushar at Parel branch. To my shock : The repayment terms were changed and I was told after 5 days that I would have to start repaying for my loan immediately after the disbursement as my university fell in some different category. This could have well been told to me on the day of submitting my documents. This was just a start to the problem. They started creating issue with the documents, rejecting calls and ignoring requests. Eventually the interest rate which was supposed to be 12.95% shot up to 14% after 15 days and new terms started springing up. Somewhere a week back when I called up they said they would try to reverify my file which clearly shows foul play initially at least to me. As I was sure of the strength of my file, I decided to move out and have asked them to return my documents on reasons that it could be misused. Its been over a month and the documents are still not returned. The executives are not receiving my calls. And there is no grievance registering information I could find on their website. Summarizing I feel Credila just delays the process so long that you are in no position but to accept their loans and terms even if they are modified.7 day loan disbursement is all non-sense. All I need is my documents to come back to me in full. Would be thankful if you could take this up. Thanks & Regards, Nirav Dedhia My Details: Name : Nirav Dedhia Email : dedhia.[protected]@gmail.com Credila Incharge : Siddhesh & Tushar, Parel Branch, Credila Was this information helpful? | |||
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EDUCATIONAL LOAN — DOCUMENT
I Tibin Joseph [ AC No: [protected]] taken one educational loan to study Nursing in[protected].At that time they demanded Land document paper as security. 1.5 years later my father again taken one more educational loan for my brother [ Tony Joseph AC No:ETL [protected]]. At that time some other Banks offered us Educational Loan without documents . But officers of PALA Branch ( from where i took Loan ) said that they can give loan without document .So i took loan from here. Four months before when i went for to close my first Loan account ,they says that they can only give the Documents after closing the second account .Please take necessary steps to retake my documents.
HDFC Bank — Educational Loans - 14% interest rate
Dear Sir/Ma'm.I am emailing this to you after a lot of desperation and harassement by HDFC bank Educational loans department.
Here is a gist of the issue.
1. I took an education loan from HDFC for my studies in March 2008. Then the benchmark rates were really low but HDFC charged me 14% rate of interest. At that time I was not aware of the RBI guidlines and other such things and since I needed to go for studies I agreed. I want guidance as to if charging 14% is legal, ethical and allowed in such a case and if anything that can be done.
2. Also the bank took 12% service charge and full interest during the moratarium period without giving any concession. I think if interest is paid in moratarum period then there must be a concession of 100 basis points which was neither told to me nor given.
3. Now I am unable to pay such a high interest rate based EMI for which I have taken other loans so as to close this account. However the bank is charging me 4% pre closure charges. I am in a fix since I cannot pay this extra amount and neither can i continue.
Sir, I seek your guidance as to how I can come out of this situation now. I have been simply been struggling since the bank refuses to hear any of my complaints. Looking forward to your reply.
thanks
Siddharth Mishra
loan — MARK SLOAN
D H F LCHENNAI
I AM K.KAMALAKANNA APPLYING PROPERTY LOAN IN DHFL CHENNAI 19/11/2011 RS.2758/ PAYMENT GIVEN.BUT TODAY NOT RESPONSIBLE IN OFFICE PLS. DO GIVEN MY APPLICATION DETAIL U KEN NOT GIVEN. RE TEN MY PAYMENT. I AM CALL IN MOBIL NO.[protected] NAME.VENKAT NOT GOING.THIS NUMBER.PLS HELP ME SIR MY PAYMENT RETEN I WANT.
THANKING YOU,
Hi Nirav,
I am also a victim fo CREDILA and I can closely relate to your story.
Want to know if you are planning any action against the company and how you plan to do it?
Thanks & Regards,
Mayank Anand
Mobile : +91 [protected]
Email : [protected]@yahoo.com
I am also a victim fo CREDILA and I can closely relate to your story.
Want to know if you are planning any action against the company and how you plan to do it?
Thanks & Regards,
Mayank Anand
Mobile : +91 [protected]
Email : [protected]@yahoo.com
Mayank,
Understand your case. But I dont have adequate time to take action. Hopefully could have.
For me all I plan to do is, close in all my accounts and relations with HDFC and never recommend it to anyone.
This site really helped. Thanks a ton. Have received a few documents and hopefully shall be able to fight it out for the remaining.
For others if you planning to apply through Credila make sure you have a backup to keep that pressure on them. Make sure you don't accept the terms they dictate. We feel public and co-op banks take more time and give in to these 7 day non-sense feeling at ease. But in the long term they are much better. They don't charge you early repayment penalties, don't change their terms, and have a much better approach.
For me a small co-op bank helped we with gem of service and really low interest rates changing my entire perception for them. Probably they looking at long term relations and not merely volumes.
Regards,
Nirav Dedhia
Understand your case. But I dont have adequate time to take action. Hopefully could have.
For me all I plan to do is, close in all my accounts and relations with HDFC and never recommend it to anyone.
This site really helped. Thanks a ton. Have received a few documents and hopefully shall be able to fight it out for the remaining.
For others if you planning to apply through Credila make sure you have a backup to keep that pressure on them. Make sure you don't accept the terms they dictate. We feel public and co-op banks take more time and give in to these 7 day non-sense feeling at ease. But in the long term they are much better. They don't charge you early repayment penalties, don't change their terms, and have a much better approach.
For me a small co-op bank helped we with gem of service and really low interest rates changing my entire perception for them. Probably they looking at long term relations and not merely volumes.
Regards,
Nirav Dedhia
Hi Nirav Dedhia,
Please write emails to Tushar ( [protected]@credila.com) and to Siddhesh ([protected]@credila.com) and keep CC marked to:
Ajay Bohora ([protected]@credila.com)
Anil Bohora ([protected]@credila.com)
Prashant Bhosale ([protected]@credila.com)
Sunil Sawant ([protected]@credila.com)
Deepak Parekh of HDFC ([protected]@hdfc.com)
Renu Sud karnad of HDFC ([protected]@hdfc.com)
All students should keep the above Ids marked in CC if they are unhappy with such bad executives from Credila (like worst Siddhesh and Tushar).
Regard,
Vulupu
Please write emails to Tushar ( [protected]@credila.com) and to Siddhesh ([protected]@credila.com) and keep CC marked to:
Ajay Bohora ([protected]@credila.com)
Anil Bohora ([protected]@credila.com)
Prashant Bhosale ([protected]@credila.com)
Sunil Sawant ([protected]@credila.com)
Deepak Parekh of HDFC ([protected]@hdfc.com)
Renu Sud karnad of HDFC ([protected]@hdfc.com)
All students should keep the above Ids marked in CC if they are unhappy with such bad executives from Credila (like worst Siddhesh and Tushar).
Regard,
Vulupu
Hi All,
Please write strongly-worded emails to your relationship offers from Credila (i.e. the people from Credila who you have been dealing with) and keep CC marked to:
Ajay Bohora, promoter of Credila ([protected]@credila.com)
Anil Bohora, promoter of Credila ([protected]@credila.com)
Prashant Bhosale ([protected]@credila.com)
Sunil Sawant ([protected]@credila.com)
Deepak Parekh of HDFC ([protected]@hdfc.com)
Renu Sud karnad of HDFC ([protected]@hdfc.com)
All aggrieved people should keep the above Ids marked in CC if they are unhappy with such bad executives from Credila
Regard,
Vulupu
Please write strongly-worded emails to your relationship offers from Credila (i.e. the people from Credila who you have been dealing with) and keep CC marked to:
Ajay Bohora, promoter of Credila ([protected]@credila.com)
Anil Bohora, promoter of Credila ([protected]@credila.com)
Prashant Bhosale ([protected]@credila.com)
Sunil Sawant ([protected]@credila.com)
Deepak Parekh of HDFC ([protected]@hdfc.com)
Renu Sud karnad of HDFC ([protected]@hdfc.com)
All aggrieved people should keep the above Ids marked in CC if they are unhappy with such bad executives from Credila
Regard,
Vulupu
Thank You for your help by letting us know their true color. I was going to take a loan from them too for my education abroad.
Thanks vulupu for this info.
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+91 22 2471 2448 [Queries & Grievances]
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loan — education loan
sir,i am student.i have applied for education loan at jhinjhak branch,kanpur,
(dehat),up .the authorities thier are demanding a bribe of 5% on my loan (of approx.RS.600000).they are not going to pass my loan if i do not give this amount to them.if you check this mail kindly help me.