Be careful folks..
Any fintech that isn’t offering loans backed by a bank could potentially put you at significant financial risk.
RBI ombudsman/complaint 🙊
Looks like they are doing him a favor by not letting him take another. What kind of idiot does interiors on a loan with a personal loan outstanding and a home loan on top of that.
The person who has to live in the house he bought. It's actually brilliant (also a scam perpetrated by banks). They give top up loans on home loans for PL purposes (at home loan interest rate). There are several instances of people buying cars, taking foreign trips, investing in F&O through these top up loans
Sorry to hear this brother. I remember a friend of mine taking a loan from one of these apps at an exorbitant 30+% interest rate.🙃 On top of that, they charged a lumpsum (around 10% I think) processing fee plus GST.
It's best to avoid trusting such easy lending service providers. They often have hidden TnC that we may not fully understand. Always consider approaching established banks for loans, as they are more transparent and reliable.
I recommend seeking help from friends or family since the amount is only ~4L, and you might be able to arrange a no-interest loan. Alternatively, if you have gold, consider pledging it to get a loan from a nationalized bank.
All the best with this bro!!!
Downside of easy loans
**Disappointing for users, embarrassing for the ecosy...
I fail to understand why people hold cred in such high regard. So much promise, so much advertising, yet no real value for the customer. Their UI is a mess honestly. Takes so much effort to navigate that hell of a musuem that mr shah has...
Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔
What do you guys do w...
