[Resolved]  Home Credit India Finance — regarding settlement/foreclosure of personal loan

Address:Nagpur, Maharashtra, 440013

Hello,
I am writing these in regards to the personal loan I was offered by home credit finance. It began after I took mobile handset from them. After the EMI of the mobile handset they offered me loan of 100000 at 21.86%. The interest was 2% per month totaling to 4105 per month. I accepted the offer on condition that I will close the loan in 3-4 months. The executive agreed everything was fine I got the profit also from that money and was ready to close, but to my disbelief they said I cannot settle before 6 months and I was again puzzled about what to do. After that I got a job and was paying them regularly per month. This time my job lost and I intimated them that I am unable to pay so please foreclose. But this time they quoted huge amount about 120000. I was left with nothing but to pay. So I continued paying. Now I paid them 57000 till now but asked about foreclose they say pay monthly installment then only I can foreclose.
They are continuously calling me. I am n complete dilemma. Now due to this I lost my job.
Now the calculations
I paid them
[protected] = 42530
For 14 months installments

But they are charging huge 80000
If asked about calculations they say it's computer generated. Please solve the query as I can pay 42530 only maximum I paid that too because of false information from the start. Please convey my message as no reply from them.

Regards
Waseem Raza Khan
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Feb 22, 2018
Complaint marked as Resolved 
Home Credit India Finance customer support has been notified about the posted complaint.
Verified Support
Jan 22, 2018
Home Credit India Finance Customer Care's response
Dear Waseem,

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.

Request you to please revert within three days, otherwise your request would be closed.

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 02, 2018
Updated by waseemraj2
Please foreclose my loan with exat amount as i am unable to pay so will return tge remaining amount mobile number [protected]. Now recently you sent me advocates letter after all things to pay 141000
May 16, 2018
Updated by waseemraj2
i can pay in increments and will pay only principle amount . As i am unable to repay due to less salary and bad mental vonfition personaly fue to job salary. 57000 approximately i paid to homecredit and remaining amount of[protected] can pay in installments. so i happy and you happy at least will not default and pay that much what i had taken from you.. without interest..
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