Moneyview Fast loan app(MagmaSoft

Name of Complainant Nimesh Maheshbhai Trivedi
Date of ComplaintOctober 23, 2022
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 Nimesh Maheshbhai Trivedi:

I have applied for a loan on an app named Moneyview Fast loan.They asked for E-mandate.After the successfully submission of E-mandate,they rejected the loan so I did not received any payment from their side.
But they submit payment request in my bank on 01/10/22 and my account had been return 570.Which was wrong.If the loan was rejected then how can they submit payment request and deduct amount from my account. The loan company moneyview fast loan(Magma soft)regarding this issue to cancel the E-mandate many times but did not received any support from their side.
These bounces are ruining my cibil score too.
Kindly do the needfull.

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