Applied a loan through a app called Monzo bank ltd

Name of Complainant Vinoda Shekhar Patile
Date of ComplaintOctober 18, 2022
Name(s) of companies complained against
Category of complaint Banking
Permanent link of complaint Right click to copy link
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Text of Complaint by Vinoda Shekhar Patile:

I had applied for a loan of Rs. 1,00,000/- in 17-08-2022 from online application called Monzo. I had uploaded my Passport and updated my Bank details. I have also e signed in a contract given by the app.
When I had contacted customer care of Monzo they are saying we will not provide loan for customers who don’t have account in Monzo Bank also it is UK based Bank.
I had contacted the customer care number given in app which I had downloaded they are saying to deposit 5%. I told am not interested to get the loan so they are like even if you don’t pay 5%, the EMI will be deducted from your bank account provided.
Some people are using foreign bank name and doing frauds in India.
I kindly request to investigate on same.
Attaching all the details that I have for your reference.

Thanks,
Vinoda

Image Uploaded by Vinoda Shekhar Patile:

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