| Name of Complainant | |
| Date of Complaint | November 30, 2018 |
| Name(s) of companies complained against | Punjab National Bank |
| Category of complaint | Banking |
| Permanent link of complaint | Right click to copy link |
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PM has launched a Loan scheme for MSME .We have paid a processing fee of 1100 rs and got an online approval after getting all our details .However when we approached the Punjab national bank they are unwilling to give the loan without Security deposit which is clearly a violation from what Central Govt has said .Kindly look into the issue
Regards
Vivek
Image Uploaded by Vivekanandan perumal:
YES CORRECT CENTRAL GOVERNMENT TAKE ACTION IMMEDIATLY
I got in-principle approval for 3 lakh rupees during diwali 2018 and in the month of Dec 2018, Punjab National Bank rejected my loan citing CIBIL issues! My cibil score was 700 at that time!
My question is, almost all finance company has cibil checking methodology upfront, why did the psbloan59 site deducted 1100 rupees as charges if I wasn’t qualifying for the loan!
Already, micro industries are suffering due to the cash crunch and then this !!!
This is a big scam by govt. More than 95% loans are rejected by banks. What the hell is.
Very lazy govt and scheme.