They increases interest rate within 3 days without any previous mentioned information and encourage me to take loan through call on WhatsApp.

Name of Complainant Satish Kumar Chaudhary
Date of ComplaintFebruary 17, 2023
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 Satish Kumar Chaudhary:

I’ve taken a loan from TakaMall app on 14/02/2023, there was no proper information about the interest rate on loan and I got a call from +92 340 3819950 on WhatsApp and she told me that you have to pay only 100₹ if you pay loan amount within a week. It’s been only 3 days and now app showing me to pay 3000₹ before 18/02/2023 and also I’m getting call from same number threatening me to pay whole amount otherwise it’ll be not good for you. I don’t know what to do and how interest rate can increase to double within 3 days. If there was proper interest rate mentioned and I hadn’t gotten a call from that number I would never have taken loan.

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