Reliance Capital Complaints & Reviews

In Month of August I received a call from reliance capital advisor Mr Abhijeet stating that if I was interested in loan to which i said ok please advise the process ti which i was informed that i should take an insurance policy of 20thousand if i need a loan of 3Lac which is pre approved and process will immediately start after the policy starts.The rate of interest was 12.5% which was comparatively very good from markets rates.My policy was started from September 10 and till date i have not received my policy documents.
Based on this policy now it was time to start loan process .After so many calls and approach of a month I was able to discuss the issue with Mr Manish singla who again processed the file and after checking the status i was updated file was on hold due to stamped papers not ready so i was asked to pay 4% the loan value which comes up to 12000 rs .I transferred the amount to Mrs Sangita (Account department ) debit card through ATM on 14 Nov.later on after 10 days I received call from Reliance Faridabad office that loan is approved and sanctioned amount is 3lac 15 thousand .As 15K was more than the required i was asked to deposit this money to Reliance capital before they make transfer to me ..I again arranged the payment by 25Nov so that i receive the money on time.After so many chase up i received call From Mr Sandeep Lohia contact number [protected]on 25 dec stating NEFT has failed two times in my account so if i want the money last option is to issue bankers Cheque .Charges for Bankers cheque was again 3000rs.For This mr manish did the payment from his end.On 29 Dec he asked me to refund the payment made by him so he asked me to pay 3000+3000+4000(He need extra).Total 10K I again paid in the cacount of Mrs sangita on 3 Jan.Mr sandeep informed that cheque was sent to Mr Singla office on 7 Jan.SInce that day I am unable to reach Mr Manish.No Positive response from Mr Sandeep or manish.Please help to get the reply from any of the them.
During all the verification calls i was asked not to mention i have taken any policy or is reliance offering any loans .ALso till date i have not received any insurance policy documents but on their website i have a running policy going and i received msgs from reliance insurance

Mr Manish Singla-[protected]/[protected]/[protected]
Mr Sandeep Contact number-[protected]

Dear Sir/ Madam, Mera Naam Hai Shriprasad B. Gurupwar costumer id/ Policy No. 52258783 Loan File No. RLM-1075, Mujhe call aaya tha Reliance Capital se unone loan ke liye call kiya tha aur mujhe policy banane lagayi aur loan nahi mila toh policy cancel kar di aur 45 days ho chuke hai but refund nahi mila mujhe shayad se ye agent ne mujhe galat information de kar policy banane lagayi hai so pls cancel this policy and refund my money. aur app ke company ke naam use kar ke ye cheat kar ke policy banane lagate hai. mujhe mera money refund chahiye. I have all call records in my cellphone... already send your email id... I want to back my money...

We have applied a loan against property by Reliance commercial finance Raipur Chhattisgarh & the loan has also been approved by the reliance and the supervisor or the agent of reliance (Mr. Vipin Namdeo) has collected the documents & when the cheque arraive to his office he stops the cheque with him & says that he didn't have the cheque with him & the company has not dispatched it but after some time the chq started to clear from our Account & we havn't received the cheque of Rs. 99, 00, 000/- by reliance capital he has taken the sum of rs 106000 from us & 6000 rs for nottery of papers & 6887 as processing & valuation charge & has returned only 106000 rs & the remaining amount has not been returned from the company & the 4 chq has been bounced from our account and there is no response from the company. So thats all & we need justice...

I got unsolicited call from Reliance capital guy Dheeraj Pandey for for loan, I told him not to call me and asked how did he get my number. This guys started abusing me in hindi. What should I do for such unwanted calls and ill mannered people like this ? Regards, Sandesh

The company has tied up with FNF NAUKRI and offering jobs for commissions and HIG FEES. I also have the letter where it has been mentioned that the company has seleccted and shortlisted me but will only hire once I pay Rs 3100/- along with $ 220 for totaling to almost Rs 20000/-. No real company can charge this much for job offering. COMPLETE FRAUD RELIANCE AND FNF NAUKRI 1. Call assuring job from FNF Naukri, does not provide JD also and just force to register, assuring that XYZ(in my case RELIANCE CAPITAL LTD) company has already selected me and will call me for joining as soon as i Register. 2. Post registering, the ten calls of daily gets reduced to 1 call in 4 days. 3. asking to register and get documents verified(which has already been verified due to which I had got job in good company and was working before) from pinerton for $220, which is not a small amount. 4. Employees have NO IDEA about what they talk and have no respect for the clients, I also have phone call proof. 5.The senior ANANT DESAI, calls and clearly tells me upfront that we assume that you are not interested as I am not paying $220 for documents verification. All I can do is laugh on such unprofessional and fraud behaviour of FNF NAUKRI people. I really want to make people aware about the same. Hope someone could take up this matter seriously. Involved people were NISHA, NEERAJ, ANANT, SHILPA.

Dear Sir, I am applied for Mort age loan. Last February Month 2015. But login March month After 2 month they are told Rejected. All verification is clear only the technical people measurement problem Manager also measure the my property but they are not sent mail for technical team. Reason I don't know. This communication very delay. Reliance capital home loan, Bye-Pass Road Branch, Near kalavasal Madurai - 625016. Branch Manager Mr.Alagusundharam - cell:[protected] and Sale executive Mr.Arun Alagar [protected] customer response & communication is very poor. This type of people working in your company surely Brand name is spoiled. Note: Sir, You don't thing loan rejected then only this customer complaint this person. No sir. I am got loan for other bank low interest. Your people response is very low and extra...Particularly sales executive Mr.Arun Alagar. My contact number [protected] this is fyki.

I have received call from[protected]. He told me that reliance capital could give me loan upto rs. 10 lakhs against policy in reliance insurance. I have to take insurance policy from reliance capital. And then only i will get loan. But now i found that its fake. Plz take action against such fraud. He give me his personal no. [protected] and he told me that his name is mr. Rudra sharma. Plz take serious action.

Hello, Me and my friend have received call from Executive from Reliance Capital(As the introduce themselves) offering loan at 0% interest and they ask us to pay 10 % of the required loan amount, e.g if 20000 loan required pay 20000. I searched on Internet and found that its a fraud scheme.

Dear Sir, I have availed a personal loan account no. RLPLDEL[protected] of Rs 4.00 Lacs, I have paid this amount to bank on August 31, 2010. This overdues still showing in CIBIL. Please help me to remove the name from CIBIL. Regards, Sonu Sagar [protected] [protected]

Hi,
This is Subhasish Mondal from Kolkata, West Bengal. I have been suffering unwanted call for last few months. My land line no is[protected]. I have seen that regularly I am getting call from Reliance Capital though I clearly told them I am not interested at all for any kind of offer. But still they call me end the call when I asked his/her name. It hesitate me a lot. I don't know why they are irritating us. They are making call from internet (i guess they are having unlimited plan).

Please help us by taking suitable action against this unwanted call.

Regards,
Subhasish Mondal

On 6th May, one Mr.Navneet, claiming himself as an employee of Reliance Capital, called me from No. [protected] and has offered me interest free loan of Rs.2,00,000/- , to be repaid by me over a period of ten years @ Rs.20,000/- per annum. Against the loan, one Money Multiplier Plan will be issued in my name, which will act as the Guarantee against the loan by the company and the returns of the Policy will go to Reliance Capital. He asked me to send documents, two passport photos along with a cheque for Rs.20,000/- addressed to RCL as my First Annual Premium/ Loan Repayment amount. My doubt arised there. Without filling any form, without my signature, without issue of policy, without sanction of loan, how one can demand its repayment in advance??? He has e-mailed me Brochure, from Mail Id. vikram.[protected]@gmail.com, which is just a Loan cum Hypothecation Agreement Format of Reliance Commercial Finance, which has in no way related to my Loan/M.M.Plan.
He has sent me message from No.[protected], to send my documents to the following address :-
Amit Sharma,
Reliance Commercial And Finance Co. Ltd.
E2-49, Shastri Nagar,
Near Metro Station/Sabji Mandi,
New Delhi - 110052

I leo stephen work for Standard Chartered bank entry level, recently I applied for credit card but my application got rejected, when I approached the concern person he said your name is negatively reported to CIBIL, I was shocked because I didn take any loans or credit card in my life, when I took my cibil report I was shocked to see my name ad listed as gurantor, I approached reliance capital bank they said we have your pan card xeror and executive as visited you house, but sure no one came for verification , this account is opened in 2008 and that person as not paid back to bank and he is from madhyapradesh but I never been out of karanataka. Now im not getting any loans or financial assistance from banks. Please help really depressed.

Hello Sir/Mam,

My Name is Rajendra Bankar I am using Reliance GSM Prepaid Services Since Last 2 Year . But I am facing Balance issue last 3 months.
Now last 2 Days I am recharge my account Full talk time 75rs I got the balance total but I am calling from customer care 198 Number Please check my sms pack status but executive direct fowered the request and second sms activate my number and my total balance deduct 75rs and 2rs is negative .

So I want refund my Money 36rs and please continue my old sms pack which is 1ps per sms daily 100sms.

Note:- Please check my all previous complaints so u will easy to resolved.
Note:- 198 Executive not provided any Information I am really upset Mr.Malik is directly disconnect the call.



My Balance Issue Number :- [protected]

Before 3 years one of my sister was working for reliance capital, to achieve her target she took my PAN card copy to give it to some unknown customer for personal loan, but wen i applied for loan now its negatively updated in CIBIL, that unknown customer is paying loan but not on time and have some cheque bounces, So please suggest how to go about it, really depressed.

Hi Sir,

I had taken new Reliance Netconnect Data Card (No: [protected]) on 17th of July 2010. Due to some issue my document was not submitted but later I had submitted my documents at Reliance Outlet shop (from where I had taken Data card) on 24th of July and person at Outlet told (Mr. S. K. Pal) told me that your document verification executive will visit to your residence Tomorrow (on 25th of July, 2010).
But on 25th July, executive called me and told that he will collect my document on Monday (26th of July, 2010). But after waiting on 26 th July, I had called to executive and asked to collect document. But he Excused me that today he had not given charge for same to collect the document.

I had also called to your Reliance Outlet Owner (Mr.. S. K Pal) and requested him that please send your executive to collect the Document and Resume my NetConnect Service. He told me that OK, I will call you within 30 min to check the Status. But he did not called me.

Now, almost 12 days are passed and my service of net connection not resumed and also not collected my document. I reached on Reliance shop to complain again on 31st July and they told me that they are raising request again and your document will be collected on Sunday (1st August) but no anyone came to collect my document. Please help

Regards,
Pankaj Kumar

I wanted to bring into your kind notice and needed a suggestion from your side.

I have availed a lon from Reliance capital in the month of Dec2007, amounting 75 Lacs as LAP for 9 years.
This loan was sanctioned @ 12.25% per annum( floating ) on reducing rate of interest.

That time my EMI was Rs 1,16,942/-. Later in the month of jan 2009, I recieved a letter from the side of Reliance capital that ROI have been increased to 13, then to 13.5 and now it is going on 14%.
They told me to that tenure will be increased, but I preffered to increase the EMI, which we did.

Now even after the PLR and ROI has been slashed, my Loan ROI is still 14%.

So now i would request you to please look after this case, and help me out to get the ROI decrease.
And please provide me the chart, showing the PLR rate as on different dates.

Details of my Loan are as follows :-

Loan num :- RLLPLUD[protected]
Name :- Gursewak Singh Madhok ( Prop Madhok Banquet )
Address :- 1124 Gurdev Nagar, Ludhiana
Laon Amount :- 75 lacs
EMI :- 116942 Earlier , 122350 Current

You can call me on given below number if required.
Gursewak Singh Madhok
[protected]

I had Purchased 300 share of Reliance Capital Share from a Kolkata based Broker in the year 94 and send to company for transfer on 17-06-95
On 12-07-94 I got 200 share transfered in my name and when enquired for the non recipt of 100 share I recived a letter from Reliance Consultancy services ltd on 20th that there Mumbai office will revert shortly
but no response
I had send several reminder but of no use
in 2007 after persuing too much i had recived one letter stating that i have to obtain NO objection certificate from the sellet Mr Shailesh Kantilal Shah Ahemdabad that means the share are still lying with the company and i could not understand when i had send 300 share together in one envelope coving one letter and they have sent 200 share in my name why they are not transferring the share in my name
however I could with great difficulty could catch hold of the seller and he had given the no objection which i had submitted to company
but after that also i have not yet recived the share transfer in my name
In the mean time my file has been lost so now except few paper i do not have much detail about the same
now i dont know how i will get my share
I would request you to kindly help me as i had lost the hope

thanking you in advance

with best regards

Kamal Poddar

Dear Sir/Madam,

I, Anand S Raman, have availed of a joint home loan (RLHLMUM[protected] with my wife Neeru Kapoor from Reliance Capital on March 05, 2008 of rs. 35, 00, 000/- at 10.25% floating interest rate for a tenure of 240 months. The home loan, for a property in Thane (west), was sanctioned and the EMI of rs. 34, 358/- started April 05, 2008.

I received a letter dtd. 15th Nov, 2008 stating that the interest rate had increased by 50 basis points, ie. 0.50% effective 1st Nov, 2008 to 12% p.a. Reliance capital had revised the Emi to rs. 36694/- and increased the tenure to 296 months. The letter does not state whether the interest rate is floating or fixed.

I have called Reliance capital umpteen number of times to enquire about the change as an increase of 0.50% should have ideally resulted in our interest rate being 10.75% instead of 12%. Also, though Reliance capital acted like other banks at a time when the financial institutions were increasing their rate, now they are refusing to lower the interest rate when other banks have reduced their floating interest rates by almost 3% p.a.

This has caused a big dent in our financial planning and a lot of tension personally. I would request you to look into this matter and advise. Thanking you!

Anand S Raman
[protected]

Share certificate bears the name of Cyric Miranda instead of Cyril Miranda, rest of the details are correct including the name of the second holder and the residential address. Although I have changed my address the correspondence can be sent to the address in the share cert. as my mother and brother live there. My new ration card issued in 1998 bears the name Cyril the first and second holders name correctly I am also holding the receipt of allotment advice-cum call money paid by me to Reliance Petrochemicals Ltd. in December 1988.
I had no problem in depositing the dividends issued by Reliance Petrochemicals in my bank account, although the name appeared as Cyric, only when I went to demat the shares I was told to rectify the spelling error.
I live in Chembur, Mumbai, Kindly advice your nearest office where the certificates are to be submitted.
Thanking you.

Yours faithfully

Cyril Miranda
Tel.No. [protected]

Please note I am also holding share certificates of Reliance Energy, Reliance Natural Resources Ltd. and Reliance Infrastructure Ltd. with the same error

Today i.e. 13.07.2009., I received a call from a telecaller of Reliance Capital for some investment scheme, but after my " NO " to her, she misbehaved with me. Call received from Phone Number [protected] time 6:00 pm . After this incidence I called on the same number but all in vain and not received any kind of result or punishment for that telecaller.

I feel very much frustrated from all said case. Please Support

With Regards
Rajeev Angrish