Unauthorized Loan Alteration by VRUKSHA LOAN App

Name of Complainant sravan kumar
Date of ComplaintNovember 6, 2023
Name(s) of companies complained against
Category of complaint Internet Services
Permanent link of complaint Right click to copy link
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Text of Complaint by sravan kumar:

I am writing to bring to your attention a deeply concerning issue that I have encountered with an application called VRUKSHA LOAN. I recently applied for a loan of Rs 10,000 with a 90-days term and a disbursal amount of Rs 9,900, as indicated in the app. However, my experience took an alarming turn when, without my consent, the loan terms were altered to a loan of Rs 6,000 with a tenure of 7 days and a disbursal amount of Rs 3,450.
This unauthorized change of the loan terms is nothing short of fraudulent behavior. I am seeking assistance in resolving this matter, as I have already contacted VRUKSHA LOAN via email, explaining the situation and requesting them to halt the loan before I receive any funds. I have also clearly communicated my intention to escalate the issue to the Reserve Bank of India (RBI) should they fail to rectify the situation.
I would like to request your intervention in addressing this issue and ensuring that VRUKSHA LOAN is held accountable for their actions. The apparent fraudulent alteration of loan terms has left me in a vulnerable position, and I need your support to prevent further harm.

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