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Credila Financial Services Complaints & Reviews

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Updated: Nov 27, 2023
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Credila Financial Services reviews & complaints page 6

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S
sanasameer
from Tadepallegudem, Andhra Pradesh
Mar 9, 2011
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Address: Bangalore, Karnataka

Education Loan for US Overseas
- CRedilla
Sir I had visited the Credilla Office Bangalore in October 2010 with my spouse. We had shown our financials . We enquired whether we are eligible and then only we will apply. The representative told that both myslef and my spouse along with my child can be a co applicant. In the month of February I submitted all the details my son, myself and myhusband details along with the copy of the property documents. I was asked to refer to one Mr. Badri [protected]. On submission of the dodcuments it was indicated that the sanction would take place within one week. To my dismay till 28th I heard of nothing. Then with great difficultly i could get Mr Badri online. He told me that he would require another guarantor. I told him I would like to withdraw and send back the papers as I had spent a hefty amount of Rs. 700-1000 getting the documents zeroxed. He agreed and I received the papers. But to my dismay my property documents copy were missing. I tried to get him online but he is very busy to attend. I sent him SMS but as he is a busy person to reply to SMS i could not get him. I called on Nasik Credilla No.[protected] . But to my dismay i have not heard anything. . I am not in a position to get any body on phone as they are very busy at all times.

So beware before giving the document copy. They will wait for you to call up to know whether the sanction has taken place or no. THEY ARE DOING ONLY LIP SERVICE. IN TOTALITY IT IS A HOLLOW. LET THEM NOT GIVE FALSE PROMISE. WE HAVE LOST TIME


Sameer N
[protected] MOB
Aug 13, 2020
Complaint marked as Resolved 
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    M
    milkan
    from Chennai, Tamil Nadu
    Jan 30, 2011
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    Address: Chennai, Tamil Nadu

    Credila , a HDFC has cheated and played a lot in my life. The has asked me for all loan documents and i have submitted all to them ...just before 2 days of my course start date these mother selling put unwanted conditions like putting FD of 2 lakhs in hdfc for 4 lakh educational loan....and after have not replied me for the loan.As an able person i managed to get my loan...Think of poor people.. they will lose their career and life because of these who even get FD by selling their mothers and wives as prostitutes. should be punished for their work they do to people.poor people particularly dont get affected by these financial institutes as our life is nothing to these mother selling .
    Aug 13, 2020
    Complaint marked as Resolved 
    This company is a big scam. They lure people in first by saying other banks do this and that and they don't do such things, when reality is they are far far worse than any of the banks. Please do not go with this scam company
    I COMPLETELY AGREE ...BIG SCAM...BEWARE OF CREDILA!!!
    Seriously the same thing happened to me too... I applied for loan & they made me wait for 2 months. Took all the documents, and even i was assured that ll receive my sanction letter in 1 day. But all . They are the great cheaters n mother , they harass the people like hell... They sd be kicked out of the office..
    Hi,

    I applied for an education loan to study abroad and initially i got a very lucrative insight by Credila Noida but the truth came out later. They have a pathetic service. I had to run to their office everyday with small things like photograph. I told them to check everything while submitting my documents but they always said everything is fine and later next day call me for small pieces of information. Finally once all the document submission was successful they lazily processed the application, taking more than 2 weeks. They convinced me that I will be able to pay my fees by the college deadline but when my deadline came near they stopped processing demanding a hefty processing fees. All in all I had a very bad experience with them:

    they don't value time
    they have a huge interest rate of 14.25%
    we need to pay the interest even while studying else they don't disburse the next installment (interest as high as 15000 on 10lakh loan)
    they are lazy and can't be relied upon.

    I would suggest to look for loan option from government funded banks. It's reliable and faster.
    Don't ever apply to this fraud company for loan..
    Dear sir/madam,

    I have applied for an education loan to study MS from USA from
    Credila Financial Services, Pvt. Ltd.
    3rd Floor, Damodar Hall Building,
    Dr. Babasaheb Ambedkar Road,
    Parel (East),
    Mumbai 400 012, India
    Email: [protected]@credila.com
    From: Mr.Anand Kharat
    [protected]@credila.com
    [protected] / [protected]
    in the month of February 2013.
    I have been receiving calls from from him since October 2012 regarding the education loan.
    At that time i was about to give the entrance test and i conveyed the same to him, but he kept on insisting everyday to enroll and provide documents.
    I clearly conveyed everything about the income and he told process can be starting even without entrance test scores, university admit and I20form.
    So i provided all my documents keeping collateral property. Also all the income documents of all the members were submitted along with a cheque of Rs.5618 and he accepted it positively with no comments about the income. Entrance test results and the university admit letters were also submitted as required by them.
    He then kept on insisting about the property documents being insufficient and demanded more documents from society. I have gone through the society and municipality offices for getting pending documents everyday. I then finally managed to submit the documents which were pending.
    All the verification of the family members and other people involved were done twice, also property verification was also done by taking photographs and measurements.
    And then there was no call from them since 10days, after which i received a call from Mr.Anand Kharat saying that a property document is required without which loan cannot be approved. I then somehow managed to get the document from the society and submitted to them. After submitting, again there was no reply for next 8-10 days. After which, I tried to contact Mr.Anand Kharat via cell number, but he didn't answer my calls. After sometime he sent an sms saying loan is in process. I waited for another 8 days, after which dropped a mail to :

    Grievance Redressal Officer
    Mr. Sunil Sawant
    at [protected]@credila.com. There was no reply to my series of 3-4 mails, after which i tried their toll free number [protected] where the lady telecaller insisted that she is not aware of the status as she is newly joined. She assured me of forwarding the case to concerned department and updating later. I waited again for a day, but there was no call or mail about the status. I again called up on the toll free number and asked about the same, this one guy Mr. Girish assured me of providing the update till that evening. Still again there was no reply. I kept on writing mails on [protected]@credila.com.
    Suddenly there was a mail from Mr. Anand Kharat saying the loan request has been denied due income norms not meeting criteria.

    If there was an issue with income norms, he must have told me at the start wherein i have submitted all the documents relating to income, I have would not involved in managing the property documents from the soceity and municipality and should have applied to another bank. I have wasted 2 months in submitting the property documents which was not at all needed since the income norm was not satisfying according to Mr.Anand Kharat .
    University was demanding the financial support documents in my case it was the loan approval letter which has deadline ending in first week of May 2013.
    I wasted more than 2months with credila and the result was rejection.
    I request consumer complaints forum to take an action against
    Mr.Anand Kharat
    [protected]@credila.com
    [protected] / [protected]
    for his unprofessionalism and wasting my costly time.
    I would like to have positive feedback from consumers forum.
    contact: [protected]@gmail.com


    Regards,
    Navnesh
    Further to add about credila:
    After complaining in consumer court, Mr.Anand Kharat called up and spoked about the complaint and insisted me to talk to there Redressel Greivance officer Mr. Sunil Sawant. He told me that they have called me even before regarding the matter but i did't pickup the call. After sometime i got a call from Mr.Sunil Sawant asking why i complained in consumer forum about the matter. When ask him about why he has not replied to my mails, he turned so rude and started blaming me. He kept on providing excuses and tried to cover their mistakes. He was not ready to reply to my mails, instead he was trying to threaten me on call.

    This are the credila professional people!!!
    They even go to such extent..
    How one can trust these guys, for considering their valuable future.
    These people are frauds playing with everyone's future.
    they did the same with me..employees over here are .
    Please don't believe these .They kept calling me to take a loan from them and when i finally provided them with all my documents and scheduled my Visa date I have got a call from them stating that my loan cannot be approved I have asked them for a reason and here comes the funny answer "Internal Norms" thats a crazy thing to hear and I now have to attend the visa without the loan letter . Please dont believe these guys they can be so fraudulent.
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      I
      iammaverick1
      from Aurangabad, Maharashtra
      Jan 28, 2011
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      Address: Aurangabad, Maharashtra

      I am offered a 6 month program from a reputed managment school in India & for it I had sent application to Nashik Credila office on 17 Jan 2011 asking for educational loan of amount 88,000/-. Credila boasts of sanctioning loan in flat 48 hrs. However, Credila team in nasik, during processing my application generated my cibil report which shows incorrect entries. I have already submitted all loan account proofs to credila for verification & still Credila is not processing my application fast. Without my fault, just beacuse cibil report is faulty, my application has been delayed by 12 days now. Whenever I try to call Nashik Credila guys (Mr. Kalpesh) he doesnt receive my call most of the times. No one seems to be bothered @ my application.
      My institute Aegis school of business has been so kind that they have extended the fee pay date twice in between. Still there is no movement or response from Credila, Nashik. Why they are so slow in communicating??? I am frustrated. If they cant give fast service, why Credila says they approve loans in 48 hrs??? This is frustrating. I am losing my admission offer which threatens my career. Please help me.
      Aug 13, 2020
      Complaint marked as Resolved 
      Credila is a scam. Steer clear of these guys. Very few people have good experience with credila.
      plz guys dont go for credila... those mother will not help in critical situations, , , , ... worst ever... they dont care of our lifes
      To
      THE BANK MANAGER
      STATE BANK OF INDIA, KARANJIA, MAYURBHANJ

      SUB:-[to get bank education loan regarding]

      respected sir,
      I beg to state that i am sumit kumar naik doing B.Tech civil engg. In ARYAN INSTITUTE OF ENGG.& TECH., BBSR[protected].I got 75% marks in diploma career from JHARSUGUDA ENGG. SCHOOL, JHARSUGUDA and 45% marks in 10th study in M.K. HIGH SCHOOL, KHICHING, MY native place is khiching in mayurbhanj dist, odisha state 757039.I m from middle class family and trying to get bank education loan but S.B.I bank manager was refuses me and he is not giving any application from and bank study loan.Sir please it go bank study loan means it will be very useful for my future life so, please take any action.
      Thank u by
      sumit kumar naik,
      s/o-manoranjan naik
      at-parbatipur, po-khiching
      via-sukruli, dist- mayurbhanj, odisha, 757039 `
      thank u
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        rashjovial
        from Karnal, Haryana
        Oct 15, 2010
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        Address: Chandigarh, Chandigarh

        I am writing this complaint in regard to the Loan application that I submitted online and I got a call from Mr. Tushar, informing me about the application form that I had to fill and he gave a number of the representative available in my city, who is Mr. AVINASH.

        I am very disappointed with the services of your representative. He (Mr. AVINASH) came to our home and he guided us how to fill the application form. He inquired about our property mortgage details and other income candidate from our family. I am applying for 6-6.5 lakhs loan for my "Diploma in Business", in New Zealand. I and my husband, informed him that we do not have collateral security to provide you, however, my husband's salary proofs will be sufficient for this amount of loan. Mr. AVINASH told us to fill the form and then call him, so that he can check how much loan I can get on the basis of my husband's income.

        We collected all the documents required for the loan and when we called Mr. Avinash, he started disconnecting our calls and then switched off his cell. That was really frustrating for us. We are the customers and we are not asking for a favor from your company. He is acting as if we are taking loan from his personal account. Even the person (Mr. TUSHAR) who called me up initially from Credila, has auto-rejected the calls that we do.

        I found your company good and that's why opted for the loan from this company. I also recommended your company's name to my friends. But I think, that was my big mistake.

        Customer service is very bad, as depicted by your representative in Chandigarh, Mr. Avinash.

        If our documents or funding is not proper, atleast he should inform us and can't he see so many missed calls from our number. I think he don't see the number on his mobile. He can't be so busy. Comm'on, your company can't treat a customer like this, who can be a source of numerous further customer. I work in an immigration consultancy, and if these persons had given me a good response, I would have suggested this company to hundreds of students who come to me daily.

        But sorry to say, THE CREDILA'S CUSTOMER SERVICE PROVIDED BY MR. AVINASH WAS VERY BAD. IN MY LIFE, I AM GETTING THE WORST SERVICE.

        I would like to convey my feedback to senior authorities in your company. So, I need the email ID of the concerned person. Or else I would surely write an article in newspaper regrading the company's response.
        Aug 13, 2020
        Complaint marked as Resolved 
        Hello,

        I received a prompt reply to my email, that I sent to credila's loan department. They will contact the representative and they will proceed with the collection of documents. The company was sorry for their representative's behavior.

        Regards,
        Rashmi
        Spoke to Rashmi. She will provide the docs on Tuesday Morning to our Chandigarh representative. Have also informed that on scrutiny will respond the update of the case.

        Said she doesn't have any more issues with Credila.

        Thanks,
        Sunil S.
        I am another Victim of Credila, HDFC Loan company Bangalore, the most ridiculous and bogus company for not providing and processing loan. The people associated with Credila, Mr Venkatesh, Mr Pinaki, Mr KrupaKumar are a bunch of retards which I had dealt with only to have the loan application cancelled. Entire staff at Credila Bangalore branch at MG Road is rude, unprofessional and follow a totally flawed process. No transparency. If you call them for any clarification, no one provides a clear answer. There is no connection between the documents they demand to be provided and the loan. Utter non-sense business is running. We applied for Credila Loan on a recommendation from a friend of mine who only applied 1 week ago.

        He also cancelled his application due to the experience that he went through. Not a Genuine Company neither are people any. I recommend all of you not to go through the pain and trauma of dealing with this company and their people.


        Shashi Harige
        Bangalore
        Pathetic customer service. People dont respond to mails. They delay the processes just for the heck. Works slower than a govt organisation. I want to start repaying my loan, and they are not helping me do that. They are deaying the process just to get extra interest. The executive they connected me with cuts the phone on listening to my query and doesnt reply to mails. PATHETIC SERVICE
        Really Bad service and customer Interaction. Pathetic behaviours. Govt. or PSU banks might work better than them
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