Citibank/Personal Loan
Hell with their process

I have got the personal loan from citibank year back and now I wanted to close the loan. I called the helpline no in india and told them that i wanted to close it. They took more than one week to issue the preclosure form. The ugly part is they are charging interest for the days till the loan is not closed. That means, if they take time to close for whatever reasons I have to pay. That's a bullshit. My wife went behalf of me to close the form, the lady wasn't their to accept. Should i pay for that? Also, when i issued the cheque, till the cheque is not cleared i have to pay the interest (per day Rs. 172). Are they thinking we are idiots? Are they following RBI guidelines?

The way the banking domain is growing is all sucking our hard earned money. And the current congress government and RBI lacked the skills to control the private banks, which they are operating on their own way.

If middle class people stop taking loans from the banks, the banking system will collapse and people like us we will live our life peacefully.

If any of you guys gets calls from any banks for personal loan, yell at them. Don't be polite and encourage them. This is the root cause for all of the problems as the middle class people getting into trap.

Taking loan is easy step, but after that life will become very difficult. Please do stay away friends.

- Nazim

Company: Citibank/Personal Loan
Country: India

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