| Address: | office - 12, NGEF Lane, First Floor, Suite No. 564, Indiranagar, Bangalore, Karnataka, 560038 |
On 22nd Feb, 2022 I have applied for the loan from India AI Credit Cash Loan app. The loan sanctioned displayed on screen showed the eligibility of Rs. 13 lakh. I have process the request for the amount of Rs. 1, 30, 000. The app connected me to a WhatsApp number +91 [protected], were I was connect to some executive Mr. Nitib Valand. He suggested to pay a registration fee of Rs. 1950 to become the member and avail the services. I enquired Mr. Nitib, for increase in the loan amount. He communicated that the registration charges will be increased to Rs. 9000 for the loan amount of Rs. 6 lakh.
Mr. Nitib changed my loan request to Rs. 6 lakh. I completed the payment of Rs. 9000 after which Mr. Nitib communicated that my interest rate has been reduced an my monthly emi would be Rs. 28000 for period of 24 months, the processing fee of Rs. 30000 would be deducted and the amount of Rs. 5, 70, 000 would be disbursed. I gave my consent for same.
Then there was a demand of Rs. 15, 000 for bank to check my eligibility and verification. I did the needful payment and was confirmed that in 10 - 15 min my bank account will be credited with said amount.
In the due course, I was notified that my bank has rejected the loan amount due to incorrect account number. I checked and found to incorrect in actual. I apologies for the same and ask for the way to resolve. Mr. Nitib communicated that my loan account has been freeze by bank due to incorrect account number and demanded 10% of loan amount applied to unfreeze. He confirmed that the amount will be refunded back along with the loan amount. I conveyed that the amount of Rs. 60000 won't be possible to arrange and can arrange the amount of maximum Rs. 20000. Mr. Nitib confirmed that company would assist for Rs. 40000 from their end so as my issue will be resolved, but need to pay back on release of loan amount as same will be refunded to my account. I agreed for the same and transferred Rs. 20000. Mr. Nitib assured that the loan amount and other refund will be credited to my account, but said that company has lost important time being spend on my case, hence demanded for Rs. 8000 as the labour charges. I paid the said amount to process the file further. But later I was communicated that company wants a security amount to process my request. I showed him the conversation were it was confirmed that it was supposed to be paid after the loan amount being disbursed. He said that company had a past bad experience were the customer hasn't paid the amount to company. I said that I've paid company Rs. 52000 [ Rs. 9000 + Rs. 15000 + Rs. 20000 + Rs.8000] and company can be assured to the payment. But I was communicated by Mr. Nitib that the file my be further process only after security amount.
I insisted to discontinue my loan and refund my paid amount after what so ever deduction at company end. I was communicated by Mr. Nitib that the refund charges of Rs. 7000 need to be payable and will get the refund of Rs. 35000 and lose Rs. 24000. He conveyed me to think over it and offer the security deposit to be lowered in my case to Rs. 10000. For which I agreed and paid Rs. 10000 making my total amount paid to Rs. 62000.
I was assured and confirmed by Mr. Nitib that there won't be any further charges and the loan amount + the bank charges refund will be process in 10 - 15 min. After the wait period of 10 min, now again a demand of Rs. 40000 was raised by bank to do the authentication verification of my account before transferring the amount.
By now I was confirmed that, this company has already trapped me and without any confrontations said that withdrew my loan file from the process and refund my money paid to them. Mr. Nitib communicated that the charges now will be Rs.12, 400 to get back my total amount of Rs. 62000. I confronted that the previous amount conveyed was Rs. 7000. He conveyed that with Rs. 7000 will get back Rs. 35000.
I was exhausted with the whole deal and told him that I will need some time and communicate the next day. Currently I have kept him engage by take an extension, but not at all assured for any payback.
On further investigating, got to know that this company has many victims same as mine losing money.
A request to book the culprits under law and do protect the innocent people being suffered
Was this information helpful?
He says that the loan verification has been approved. he also said that there's
5% of management fee after paying this only you get the loan amount. I said that I already gotten this type of scam and also told them I will report in cybersell and also post it in social media.after that he down the server of the app and he's not replying to myessage and he went offline.