Axis Bank Personal Loan Agent Cheating Case

POSTED BY Timma Reddy ON October 10, 2012 4:13 pm ONE COMMENT

Please help me in this.
Got cheated by Axis Bank (Mumbai) loan agent.
As I am looking for a personal loan, one day agent called me and told that interest rate 14.5%, processing fee 0.5%. After giving initial docs, I got a message from bank that it is 17%, 1.5%, then I said no. After some time agent came back and told that it is 16%, 1.5%, again I rejected. After some time, he came back and told it is 15%, 0.5%, then I agreed and signed the docs. But when I recieved the loan, it is 16%, 1.5%.
I asked to resolved it, then from last 2 months, he is saying will be done today and till now nothing done. Now, he is not picking up my phone.

I already paid 2 emi’s, money is still lying idle in my bank a/c.

I complained to bank to resolve this and close the loan, they keep on replying that
I only agreed to those rates. There are alterations in the interest rate part of doc, which are not done by me.

Please help me, how to fight against this.


One reply on this article “Axis Bank Personal Loan Agent Cheating Case”

  1. As discussed on the blog itself , If it was not written on a company paper , its just a verbal promise , its just a case against the agent for fraud .

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