[Resolved]  IndiaBulls — loan sanction letter reference no: 1014772, refund of loan processing amount 8320 rs, due to delay by india bulls

Address:Hyderabad, Andhra Pradesh, 500062

Dear sir,

I have applied loan for rupees 20lakhs and it got sanction on 22nd aug 2018 (Reference no: 1014772) to process this loan amount company charged me rupees of 8320 rs, got detected from my account through chq (Chq no:[protected] after that, in sept 2018 second week when we approached india bulls banjara hills agent (Sreekanth reddy & komma reddy) for releasing the loan amount, and they informed that due to india bulls organisation issue unable to release the amount.

We came to know this before one week of my plot registration, when we approached banjara hills branch manager and explained our situation, manager said that we will cancel the loan and will refund your processing amount (8320/-) and suggested us to go for another bank, because of time crunch no bank assured to process the 20 lakhs amount in one week, no other option so we went for personal loan with high rate of interest.

We submitted cancellation letter on 12th nov 2018 so far processing amount not been received till date and when approached your employee "komma reddy" he is not giving any proper response.in view of the above reasons i have lost my time, money and i faced mental tension to arrange the money in last movement.in this connection please issue my processing amount (8320/-) as early as possible.

Kindly take my issue on high priority and do needful.

Regards,
Rajesh
[protected]
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Jan 4, 2019
Complaint marked as Resolved 
IndiaBulls customer support has been notified about the posted complaint.
Verified Support
Dec 03, 2018
IndiaBulls Customer Care's response
Dear Rajesh,

We are sorry you feel this way. Please be assured that our team is working on your concern and will reach out to you shortly.
Complaint comments 

Comments

Indiabulls is the fraud and cheater company. Never take any type of loan from indiabulls. My Interest ROI interest increase from 10.50% to 13.50. I talked to customer care, loan manager and also visit branch many times but they said only one answer "RATE OF INTEREST WILL NOT DECREASE, YOU CAN TRANSFER YOUR LOAN TO OTHER BANK, IF YOU WANT". and their forclosure charges is 5%. What the hell.

Worst company ever... Don't Take Loan From Indiabulls and Save your Money.
Dear Rajesh,

We understand that our team got in touch with you and shared all the requisite information. Feel free to get in touch with us in case further assistance is required.

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