IndiaBulls — Cheated by india bulls loan number HLLAPAC00444393

naveen munjal1

Jun 4, 2021

Address:

zirakpur

Loan was taken by me from india bulls three years back. They offerred me rate of interest as 10.5%. after comparing with other financial institutes, found slightly lower than others. This seemed to my biggest mistake in life as within 5 months they increased the rate of interest to 15.3%. this was a trap to cheat their customers. I do not know how they can do this with the customers who trusted them. it was my 10 years of loan and they had made it 20 years of loan. I do not know how they will be able to digest my hard earned money. I want all my calculation of loan with same rate of interest which was promised to me. This is a clear case of cheating as my instalement of 6747 will speak volumes which would clearly prove that cheating was done by indiabulls.

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IndiaBulls customer support has been notified about the posted complaint.

Verified Support

Jun 08, 2021

IndiaBulls Customer Care's response Respected Sir,

Greetings from Indiabulls!

We understand that our team had shared all the requisite information pertaining to your concern via mail. Furthermore, you can write to us at [protected]@indiabulls.com or call on the toll free number
[protected] for any assistance required.

Regards,
Indiabulls Housing Finance Limited.

Jun 12, 2021

Updated by naveen munjal1 Dear Sir,

I could not understand what would have happened if you would have sent the same reply on this platform also. was there anything which you do not want the others to hear... everyone should know how indiabulls offer low rate of interest to his customers and then increase the rate of interest exorbitantly without any valid reason. when anyone ask them they hide themselves behind some of the very interesting words,
loan size,
type of security provided,
security covered,
tenure of loan,
risk profiling, regulatory rates,
ALCO committee,
cost of funds,
cost of operation,
minimum expected return of equity,
market conditions and liquidity position...

Those would have been others who would have succumbed under your heavy and understandable words...Your unfair practices will be disclosed at every platform available on net...so that whatever you did with me, could not do with others... Its my hard earned money...and I would not allow you to take it like this.

Please write back the reason of increasing the rate of interest here also. your answer will expose you...

Jun 15, 2021