Charging Unfair interest

Name of Complainant Mahesh
Date of ComplaintFebruary 9, 2023
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 Mahesh:

my nephew took a loan o ,here I noticed that they are charging a high rate of interest ,the loan amount of ₹5400 (disbursed amount). And it is showing that he has to pay ₹6400 in 2 months I.e ₹1000 intrest amount , which is very unfair, and cheating innocent people ,

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