| Address: | Hyderabad, Andhra Pradesh |
Fullerton India perhaps is the first non-banking financial company deceiving the people in India. It have worst experience with this company, unfortunately still bearing it.
Loan Account Number: [protected]
I opted for loan with this company in 2010 and paid EMI for 18 months. Later, I was offered a top up loan and there starts the whole deceiving game.
While giving me the top up loan in 2012 for Rs.125, 778, company charged me 32.6% interest per annum which is 3% interest per month. An agent named Satyanarayana (at S.R. Nagar, Hyderabad Branch) confirmed that EMI Rs.4732/- is applicable for 36 month, recently I got to know that it is 48 months. This company never sent any document. Agent and manager at S.R. Nagar during loan process made me sign the document in hurry feeling as if this company is giving me money for free.
I took Rs.125, 778 loan and paying Rs. 227, 136. So, I am paying more than 1 lac as interest. Banks like HDFC, ICICI, SBI, VIJAYA and CITI offer 14-17% interest per annum. I have personal loan with CITI Bank with 14% diminishing interest per annum.
Who gave authority to his company to charge 32.6% compound interest per annum?. I want the document which approves it, I need this info under RTI Account 2005 as I have right to know this and tell what you need from me for this.
Why is India encouraging such companies which try to steal our hard earned money by deceiving promises. Customer Service is stupid, they should close it. Go through my previous call history to check the mental pressure and agony you caused.
The recent joke this company played with me is RE-PRICE LETTER FOR CHANGE IN TENOR. Attached letter below.
It says interest percent is revised to 25.92% per annum effective 5-Aug-14. Customer Service says there is no change in EMI Amount or Tenure. What kind of Company is this?, It has no Ethics or Values. Least Bothered about Customers. Only concerned about the money.
If they apply the revised interest on the current outstanding amount, the EMI I guess will remain the same. They charged me high compound interest for 30 months and sent me a letter stating interest has been reduced. Now, if a calculate the revised EMI, it almost the same. This is completely deceiving the people with fraud information, This a fraud company, I am writing with controlled emotions. I really want to use the BUZZ Words.
Please look into my whole story, don't send me acknowledgement or pleasing emails. I demand an explanation and solution to this. The revised charges should be applicable on my loan immediately.
I don't want to pay extra and then reimbursed. I don't want to deal with this company after completion of this loan.
India please don't encourage & entertain these kind of companies.
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