Fraud during loan

Name of Complainant Ayush Bankar
Date of ComplaintDecember 6, 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 Ayush Bankar:

Hi Sir/Madam,

Recently, I took home construction loan of 5 lac from SBFC Finance Private Limited, Indore. Initially they told that, interest rate will be 11%. And when now the loan is financed completely, the loan interest rate is 22%. Also the category of loan is not home construction, they are naming it as Micro loan. And now ,when I have requested for closure of my loan, they are asking 5% loan closing amount.

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Fraud during loan

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