Dhani Credit line

Name of Complainant Vacharla Ravi Yedukondalu
Date of ComplaintDecember 26, 2021
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 Vacharla Ravi Yedukondalu:

Hi, my fate… I have used dhani one freedom credit line of 500rs.

1.charged 199 as subscription fee. Ok that’s fine.

2.used 500 daily limit.

3.after few hours 500rs converted to 3 emi’s 215rs, 216rs, 214rs.

4.i got shocked after seeing the emi amount. Normally for 500 it should be 500/3=166.6. Because they say 0% emi.

5.the thing is they charged me 150rs as a stamp duty charges.

6.after seeing this I thought of clear all the emi’s and close the account. But am unable to close. I have to wait 2more months to close the amount. By that time every month I have to pay 199subscription+150stamp duty for 2more months. So for 500rs I am paying (199*3) +(150*3) =1047.. Jus think how much intrest they are charging.. But they say 0%inrest.They did not tell about the stamp duty in the app.

I want to complain on dhani app and I want to forclose this with out any stamp/subscription fee.

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Dhani Credit line

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