[Resolved]  Fullerton India — Cheating

Address:

Maharashtra

I had taken a Personal Loan of 36000 from Fullerton India Pune, Pimpri Branch and was given only 30900 in hand saying there was a deduction of 5100 for Insurance and then I had previously complained on this forum and was called to their branch by a senior and the person who disbursed my Loan Mr. Liyakat and he said that Sir it is not for 48 months as you think and it is only for 36 months that we have given this Loan to you, and today I was going trough the welcome letter that was sent to me and it states that it is for 48 months, I could not believe that as I got only 30900 in hand and I will end up paying 83000 which is against the rules of RBI to charge so much interest for nothing. These banks do not spare a customer from reporting them to CIBIL to spoil the credit if there is one late payment or cheque bounce is there no authority that can stop this Dadagiri of all the finance companies. I would like to add that I was called and given a false statement by Liyakat that it was for 36 months only when it is actually for 48 months. I want help to get this resolved as I cant pay so much money it is almost thrice the amount I borrowed from them.

Warm Regards,

Praveen Bellur

Cell: 91- [protected]