Loan recovery agent torture

Name of Complainant Prasad
Date of ComplaintJuly 18, 2025
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 Prasad:

I took a loan from an instant loan app called ‘BP Securities.’ They approved me for ₹9,000, but only disbursed ₹6,500. The repayment period was only 7 days. If I delayed even one day, they charged an additional ₹250 per day. They also contacted my references, telling them I had used their numbers and was not responding, demanding they pay the loan. They resorted to blackmail. I request strict action be taken against this company.

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