Charging 60% ROI from customers

Name of Complainant Govintharaj venkatesh
Date of ComplaintFebruary 19, 2025
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 Govintharaj venkatesh:

I have taken 43000 as loan from flex salary and they are charging more than 2100 per month as intrest only. When asked how can you charge this much intrest, they are saying we have agreement and we are doin as per RBI policy only. Is RBI really allowing lending companies to charge 60% intrest. Till now i have paid double the amount of my loan as intrest alone. This is looting. Please do something.

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Charging 60% ROI from customers

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