| Name of Complainant | |
| Date of Complaint | March 1, 2025 |
| Name(s) of companies complained against | Kreditsathi |
| 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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“I applied for a loan of 50,000 with Kreditsathi company. The next day, I received a phone call. The person’s name was Krishna Chaitanya, a Senior Executive. He told me that my loan was approved and that I had to pay a file processing fee of 3,200. I thought it was real and paid it. After that, I received a message from RBI saying I had to pay 4,522. He said the amount would be credited within 5 minutes after payment, so I paid it. The next day, I received another message from RBI saying I had to pay 8,520 for loan clearance. I paid that as well. The next day, he called me again and said that due to company competition, I would receive 100,000, and all the money I had paid so far was refundable. He said that a total of 170,000 would be credited to my account, but I would have to pay 12,500 more for the process.”
It seems like you’ve been scammed. This is a typical fraud where they ask for continuous payments under the pretext of loan processing fees, loan clearance, and other charges. I recommend reporting this to the authorities immediately, such as the police or a cybercrime cell, and also contacting the bank where the payments were made to see if they can help block further transactions. Be cautious and avoid any further payments to these individuals.I’m sorry to hear that you’re going through this situation. Here’s the English translation of your message:
“I told them that I wouldn’t pay anymore and asked them to cancel my loan. They said, ‘This is the last amount, and once you pay it, the money will be credited to your account.’ So, I paid the 12,500. After that, they said the check bounced, and I had to pay 5,000. I paid that too. The next day, they said I had to pay 3,000 for stamps and signatures, so I paid that as well. The following day, they called and said my loan would be credited within a week. After one week, they told me that I had to pay 13,500, so I paid that too. Then they said the check bounced again, and I had to pay another 1,500. I paid that as well.”
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