Misinformation Given by staff and charging at higher interest rate.

Name of Complainant Abhimanyu Patil
Date of ComplaintFebruary 16, 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 Abhimanyu Patil:

My Name is Abhimanyu Patil and I had taken loan from Hero Fincorp in Feb 2022.During sanction agreement and in the welcome letter it is clearly mentioned that the Rate of Interest is 17.75%.While signing they told me Rs16194 /- EMI for 60 months.I didn’t check the whole calculation but now when I came for foreclosure letter it is observed that Hero Fincorp agents inform you that 18% will be charged and while EMI are deducted at 25%.This is clearly fraud case and breach of trust by Hero Fincorp.Now after communication with Hero Fincorp nobody is responding.

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