Issue with foreclosure of loan

Name of Complainant Bheemappa Bandikeri
Date of ComplaintFebruary 15, 2024
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 Bheemappa Bandikeri:

Loan A/C no. 5936602
I have taken personal loan of Rs.2,00,000 on 23.11.2023 from Lendbox though Mobikwik.
And I want to pre close my loan, they are bringing terms and conditions in between saying that I can’t pre close my loan till 3 EMIs are paid.
And these Frauds are updating that I have not paid a single EMI yet. I have already paid two EMIs
I was not told or seen this tricky condition while applying for loan.
In fact I am able to see pre closure option, but while making payment I am getting some error
I wanted to pre close my loan with applicable minimum pre closure charges and interest on outstanding.
This is nothing but harassment of customers to pay more and more interests and other hidden charges.
The are real financial frauds need to be closed for future damage to customers.

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