Dear all,

I saw a commercial in times of Bharat, city edition newspaper on twenty second February 2019 given by sri chakra associates advertising this they supply loans higher than 1crore supported collateral. Also, they need provided their sign in it, thus i known as and spoke to mrs. Tulasi and asked concerning the loan procedures and he or she briefed American state concerning the complete loan method.

And i asked her one specific question whether or not am i alleged to pay any direct cash before the loan disbursal, she out justly rejected that and secure that not even one fractional monetary unit required to be paid before the loan disbursal and aforementioned it’ll be strictly on the premise of your itr & collateral property.

Then i visited their workplace on a regular date to submit my documents. i used to be created to attend for over a pair of hours so i met mrs. Tulasi, she simply collected solely my aadhar & pan and not curious about gazing my itr or bank statements or collateral documents or property valuation reports or judgment. She then told American state you may have

To our director finance World Health Organization can check concerning the loan eligibility… Then i met him and there he way even hassle to appear at my crucial documents and commenced increase concerning his boss that they did loans for higher than rs.300 crores to their purchasers and suggested American state to barter the interest rates, noted down my loan quantity requested by American state and also the property worth that i aforementioned orally.

Then he took American state to his chairman, he took my business background intro then started dictating his director what ar all the items to be checked before cathartic the funds and eventually disclosed his cheating tricks that we want to initial pay our interest quantity of the first quarter of the overall loan quantity to prove our monetary capability and once three days, they’ll pay out the loan.

There they were exposed red bimanual, why would they have to require the interest quantity earlier if the loan was supported itr & collateral… Why cannot they are doing it like banks & nbfcs…? It’s clearly evident from this, it is a fraud loan agency needing to loot public cash within the name of enabling loan… they simply misusing the people’s desperate wants for fund needs to attain their ulterior motives… Luckily, i ne’er fell for his or her entice.

Beware & report and build them pay money for this…