[Resolved]  StashFin — High Rate of Penal Interest

Address:Sadhu Vaswani Road

Hi Team,

Need help on the Loan taken from Stasfin.
I took loan of 1, 00, 000 in December 2020. It was for a period of 15 months.
Due to COVID 19 situation, I have been struggling to make payments.
A line of credit of 1, 00, 000 was issued. I used the line of credit, until I miss 2 months payment due to famiy crsis in August 2021.

I was being harassed constantly for 2 months, I was promised a 50% penal interest waiver.

I have been making payments since September each month of 10, 000 to 12, 000 each month. Its been 6 months and I must have paid more than 65, 000.

Still my balance shows as 66, 000. Each month interest and penalty is being calculated upto 6, 000 which is ridiclous.

The previous penalty waiver promised, has never been credited or applied. Each time false promises are given.

When I send an email t the customer care Tam and Legal Team, they do not respond back by Email. Just I am being told on Whats app ot speak to them on Phone.

I have spoken to them on phone and the situation has never been resolved. I cannot pay such high amount of Interest.

I feel that taking the opportunity of crisis people have been facing through the Pandemic this company is bullying and harassing people.

Each month 10, 000 I pay 6, 000 is deducted as Interest. Yesterday I asked for a settlement amount to be share and discussed by Email.

I am still being asked to call they, do not want to discuss anything over email. I have been made false promises in the past, so I only want to deal with this company over email.

I do not want to speak to them over the Phone. Please help me resolve this situation.
Email: [protected]@gmail.com
Phone: [protected]
Whats app: [protected].

Thanks and regards

Raja Buxani
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May 19, 2022
Complaint marked as Resolved 
StashFin customer support has been notified about the posted complaint.
Verified Support
Apr 18, 2022
StashFin Customer Care's response
Dear Customer, your request has been received and is under review. We are actively working on resolving this issue and will get back to you at the earliest. Thank you for your patience.
May 29, 2022
Updated by Raja Buxani
Hi Team, I am still waiting for an Answer. I have sent 4 emails to your Legal Team, I have not received any reply.
I have receivd a call today from my team, who say that I have not made any paid since September 2021.

Since November each month payment of 10, 000 is being made, only month of March I missed the payment. I am now being asked to pay 76, 000.

Out of 1, 00, 000 Credit line, I have paid 80, 000. If you calculate interest at 3, 000 per month for 1, 00, 000 it should be about 25, 000 for the last 8 months. Each month I am being charged 6, 000plus interest which is ridiclous.

I have handed over this matter to the Cyber Crime Cell and I have asked my LAwyer to deal with this matter now.

I have asked for a reason settlement amount since over 6 weeks now, but have not had any confirmation.

Thanks and Regards
Raja Buxani
Jul 14, 2022
Updated by Raja Buxani
This Issue has not been resolved, If this has been closed it has been done incorrectly and Illegally.
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