CITY FINANCIAL CONSUMEER FINANCE LTD

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Category: Business & Finances

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India

CITY FINANCIAL CONSUMEER FINANCE LTD Reviews

P.RAMADAS November 28, 2009
CHARGING EXCESS RATE OF INTEREST.
Ref; My loan a/c no.15239821.<br />
While i was availing loan the rate of interst as stipulated in the agt was 20 %. Where as as per the statement they are charging more than 40% this violating the rules. More over day to day tortue over telephone from NEWDELHI is not bearable.Therefore in this situation i am not in position to pay my EMI anymore.How ever so far i have paid Rs.59000/- against the principal amount of Rs.69000/-. and I have decided to settle my loan with one time payment of Rs.22000/-.Otherwise i will have to refer this case to OMBUDSMAN, CHENNAI. for further negotiation and settlement.<br />
The authorities may klindly look in to the matter so as to settle my case amicably.

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