Instamoney loan rejected but e- mandate charges deducted four times

Name of Complainant Parantap Roy
Date of ComplaintAugust 10, 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 Parantap Roy:

I applied for instamoney loan on August 03, which got rejected eventually. Unlike other lenders they make applicants do the e- nach process before loan sanction! On 07 August i suddenly found out found times deduction for e- nach charges along with a bank charge. I applied loan from the same app before which wasn’t granted , too. Becoming curious, i checked that time period bank statement & yesss….found out that same deduction of Rs. 135.70 along with a separate bank charge. I am mailing them continuously, receiving some bogus AI generated replies. The customer care executive no is always normally or motivatedly busy God knows! Now, what the hell is this? How can a company charge for e- nach that also four times when the principal loan been rejected!! Strange!

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Instamoney loan rejected but e- mandate charges deducted four times

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