| Name of Complainant | |
| Date of Complaint | July 22, 2022 |
| Name(s) of companies complained against | Sunita Finlease ltd |
| Category of complaint | Cyber Crime |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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Sunita Finlease Ltd, they have three loan apps in IOS named Loan Zone, Loan Point, One cash. They do not work on Play store. They are looting money by taking the advantages of students. In App store they are showing it as very low interest rate and a long tenure, but in app there is only 8 days tenure and we have to pay almost 40%+ interest for that 8 days loan. Extending tenure option is there in all these 3 apps with high high rates. Next is there recovery process, they are having many aggressive recovery agents. In the 5th day itself you will start receiving calls and WhatsApp chats telling us to pay the loan. I know the problem is because I have took loan from this illegal app, it was because of my condition. RBI should cancel Sunita Finlease’s NBFC registration. Then only everyone can enjoy financial freedom or else there will be many teenagers who will have to face dept trap.
( I have attached a photo here for your understanding, for 8000 Rs Loan we are only receiving 5800 Rs in bank and within 8 days we will have to repay 8064rs and per pay late fee is above 300rs. This is the Biggest scam running around by targeting students.)
Image Uploaded by Rave Cherry: