[Resolved]  Muthoot Finance Ltd — Excess interest charged in Gold loan

Address:

Ernakulam, Kerala

I have availed 02 gold loans from Muthoot Finance Ltd wide loan no 2095 & 2097 worth Rs 278500/- & 57000/- respectively on an interest rate of 24% which is much higher. Even though the gold have been pledged; they charge me highest of their interest. Now when i approached them to release the same, they are asking me to pay interest @ 33% inclusive of penal and other charges. Also they threatened me stating that the gold will be send for auction, if i don't pay the interests charged illegally to me. So i kindly request your intervention in settling this matter amicably & also to stop the auctions, if any.