Sri Chakra Associates, Thirumangalam, urban center fraud loan agency / syndicateReport
Please briefly explain why you feel this question should be reported .
Please watch out for this fraud loan agency / syndicate operational out of lavish residential building in thirumangalam close to Pakistani monetary unit nagar.
They 1st enkindle quarterly interest quantity of total loan quantity with a pretend promise to pay out your loan when three days however truly they create you endure your cash…
I saw a billboard in times of Bharat, urban center edition newspaper on twenty second Feb 2019 given by sri chakra associates advertising this they supply loans higher than 1crore supported collateral. Also, they need provided their telephone number in it, therefore i known as and spoke to mrs. Tulasi and asked concerning the loan procedures and he or she briefed ME concerning the whole loan method.
And i asked her one specific question whether or not am i presupposed to pay any direct cash before the loan disbursal, she out justifiedly rejected that and secure that not even one subunit required to be paid before the loan disbursal and aforementioned it’ll run strictly on the idea 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 quite two hours and so i met mrs. Tulasi, she simply collected solely my aadhar & pan and not curious about watching my itr or bank statements or collateral documents or property valuation reports or judgement. She then told ME you may have
To our director finance United Nations agency can check concerning the loan eligibility… Then i met him and there he means even trouble to seem at my crucial documents and commenced build up concerning his boss that they did loans for higher than rs.300 crores to their purchasers and suggested ME to barter the interest rates, noted down my loan quantity requested by ME and also the property worth that i aforementioned orally.
Then he took ME to his chairman, he took my business background intro then started dictating his director what square measure all the items to be checked before cathartic the funds and eventually discovered his cheating tricks that we want to 1st pay our interest quantity of the first quarter of the full loan quantity to prove our money capability and when 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 eager to loot public cash within the name of sanctionative loan… they merely 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 create them procure this…