Dear Sir / madam
As this is my worst experience that i have ever faced while applying for Loan
The company Name is Airfare Capital Investments Solution organization which is placed
only in SCF: 04, Extension – 06, Sunny Enclave, Kharar District: -Mohali (Punjab)
[email][email protected][/email]
This is the Details of the company as there is only one place where this company branch is located
First of all in the month of April i was looking for a personal Loan i was contacted By one of the loan person
Name - xxxxxxxx and was told about this Company as it is in market since many years and have disbursed many personal loan and the rate of interest was low.
After that i was asked to submitt all the Loan Documents that is require for a personal loan
as this is not my first Loan i was applying so i had even given my earlier loan NOC (no objection Certificate) after paying all theEMI without Bounce of any other obligation
After all the Documentation i was asked to pay a sum of Rs 2500 for processing the loan application as this was the company rule (i dont know the why they charge this Amount) after that i waited for the cheque to debited from my A/c for a sum of Rs - 2500 .
Then i Got a call from the company representative verifying for the Documents that i have submittedafter that i got another call for verification from an legal office about the Loan.
Then i got an Sanctioned letter from the company saying that i was approved with the loan Amount and i have to pay a sum of Rs - 5540 for Processing charges (i dont know why this is charged)
Then i had to Pay even the Sum of Rs 5540 /- as a processing fees and was told that there will be a verification from legal office in regards with my bank A/c and and transaction that is happening with my A/c and hence i would be given the DD for the applied Loan after a week 's time as i was waiting for the loan there was another requirement asking for a Co - applicant and utilization statement for personal Loan (I wonder why is this utilization statement required for personal Loan) then i had to arrange this both which was not told in early stage of loan
That is The Co- applicant should be a Govt employee and should fetch a sum of 15 K as take home even i had to full fill this need to the company as i had no other option as i have already payed money and even waiting for the loan DD to be taken Then after a week i was told that the loan DD is ready the legal office will be coming to bangalore on 6 june and then the aggrement would be signed and the DD would be handed over
I was very tensed and as it was almost 2 months since i had applied for Loan now was wondering will there be any other problem that i have to face .after 2 days i was told that to pay a sum of Rs - 7500 /- in the form of cash and not in the form of cheque then i was forced to pay a Rs - 7500 / in cash and told that this amount has to be given to the legal officer for his transport charges (I was shocked to know this as any company will bear employee transport charges for giving the Loan) then after a weeks wait again i was asked to pay a sum of Rs 8000 /- charges not known and was not told by the person he just told me that if i want the DD i would have to pay this amount to legal office when he is come to bangalore.as i was told that legal office will be coming to bangalore on 6 JUNE and the amount of Rs 8000 to be paid as there is some problem in the Documents for the DD to be given
As i even paid this amount the reason was that i was i very BAD need for the money as my parent was hospitalized for a serious cause then i had no other option rather that to pay this amount as i need to money for the medical expenses as today is 14 june and after that i have been contacting the Airfare Capital Head office and the legal office and the local person who had loged the loan application. THERE IS NO RESPONSE FROM ANY PERSON AND NEITHER THERE IS A CURTSY FOR THE PEOPLE IN THE HEAD OFFICE HOW TO RESPOND TO THE CUSTOMER.
Now since yesterday i have been trying to contact the people in Head off of AIRFARE CAPITAL to know the status of the Loan i have been misgulded in many ways.
There is a total of Rs - 23540 /- which i have paid for the Loan people and still i have no proper communication weather i will be getting the loan or no
As now i have been fed up with this Company
Thanks & Regards
CHANDU PM
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