[Resolved] Home Credit India Finance — regarding complaint against home credit loan high interest deduction

hasim7

from New Delhi, Delhi

Address:

New Delhi, Delhi, 110039

I want To know what is process of complain against Home credit.
My Loan amount Was 1, 04, 000/-
Rate of intrest Was 19.62% annual flat
Total month = 42
Monthly installment = 4177/-
What is tha annual amount of interest is. ?????????
Because they deducted only interest 34000 rupees in years.
The Home credit customer says That this Is system generated amount. I suffered Now. I want To know please what is annual amount of intrest. Please give any complain address for That

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Jun 12, 2018

Complaint marked as Resolved

Home Credit India Finance customer support has been notified about the posted complaint.

Verified Support

Apr 30, 2018

Home Credit India Finance Customer Care's response Dear Customer,

This is in reference to your concern registered with Home Credit India.

Kindly share your Loan number (Ten digit number, starts with 3) OR registered mobile number so that we can assist you with your concern. You can refer to your loan documents i.e. Loan Summary / Repayment Guidelines.

For any further help, please contact us.

Regards,
Customer Care Team
Home Credit India Finance Private Limited | Call –[protected]; Email – [protected]@homecredit.co.in | Business Hours – Monday to Sunday, 9 AM to 8 PM

Apr 30, 2018

Updated by hasim7 my contract id is [protected].
My Loan amount Was 1, 04, 000/-
Rate of intrest Was 19.62% annual flat
Total month = 42
Monthly installment = 4177/-
What is tha annual amount of interest is. ?????????
Because they deducted only interest 34000 rupees in years.
The Home credit customer says That this Is system generated amount. I suffered Now. I want To know please what is annual amount of intrest

Verified Support

May 04, 2018

Home Credit India Finance Customer Care's response Dear Hasim,

This is in reference to your concern registered with Home Credit India.

We wish to inform you that as observed your loan account is in 'Finished" status.

As per the loan terms and conditions mentioned in Loan summary, a loan amount of Rs.104, 000/- and flat rate of interest @ 19.6200% p.a. was charged to you on the loan amount.

For any further help, please contact us.

Regards,
Customer Care Team
Home Credit India Finance Private Limited | Call –[protected]; Email – [protected]@homecredit.co.in | Business Hours – Monday to Sunday, 9 AM to 8 PM

May 05, 2018

Updated by hasim7 please tell me one thing what is my annual interest amount if loan amount is 104, 000 and flaterate of interset is 19.62%

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Comments

Yogesh Tandel

from Surat, Gujarat

Your Actual annual intrest rate is above 35 percent .it is better to take loan from bank than Homecredit. intest rate in bank is up to 24 percent and it is on reducing rate so if you take a loan from bank.intrest is about 50 percent less than homecredito. I advise you to take a Balance transfer loan from bank and close your home credit loan as early as possible.

Home Credit India Finance Customer Care's response, May 12, 2018

Verified Support

Dear Sir/Ma'am,

Thank you for contacting Home Credit.

Kindly share your Loan number (Ten digit number, starts with 3) OR registered mobile number so that we can assist you with your concern. You can refer to your loan documents i.e. Loan Summary / Repayment Guidelines.

For any further help, please contact us.

Regards,

Customer Care Team
Home Credit India Finance Private Limited | Call – 1800 121 6660; Email – [email protected] | Business Hours – Monday to Sunday, 9 AM to 8 PM