Profiteering by loan companies

Navi Was Giving Personal Loans On Interest Upto 45% Per Annum, Unfair Charges

RBI Warned Them Strictly

RBI Kept a Close Track of Complains Against Navi on Ombudsman Portal and Social Media

And RBI Banned Navi From Sanctioning Loan

Other Need Similar Action

Please report if you know that someone is charging over 24% interest rate on loan more  

When the documents are not clear, recognized loaning companies won't entertain their request. This situation makes fake loan companies enter into market and poor distressed people become victims. more  
Periodical checking and licencing by RBI and acting on customer complaints will help. The reporting system is also to be simplified. On Wed 23 Oct, 2024, 4:23 PM Shailesh Deshmukh, < support@localcirclesmail.com> wrote: > more  
All credit card companies more  
Credit companies do not give loans. more  
Pawn brokers charge 36% more  
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