Of hisar
Loan fraud

Actually a loan of 50000/- was taken by that co.for which monthly installment of 3500 something was agreed to repay by loan taker.but this co. take the signs of loan taker on fraudulent documents that was in english but which were out of understanding of loan taker.

in these documents int. payment have been impossed upto 27000/- on 50000.within 2 years.

the loan taker paid 14 installments but after this this co. demaned such heavy amount of int. from him but because it was a fraud and the loan taker was not made aware by this fact at initial stage of loan issuing by that co. in their talks.

in talks they were saying that near about 5000/ u have to pay as interest but in written documents they take the sign on int. of 27000/-.

the loan taker is DRIVER.and poor he has taken this amout for her daughter for her MBA study.but this is now a tradegy for him to pay heavy amont...

can he take help...

Company: Of hisar
Country: India

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