I was promised a 3% loan by a finance company if I took out a policy from them and used it as collateral. But after I bought the policy, they asked me to get another one to fix a supposed TDS issue. Now I think they tricked me, and I haven’t received my loan. Who can I report this to? What should I do next?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › I was promised a 3% loan by a finance company if I took out a policy from them and used it as collateral. But after I bought the policy, they asked me to get another one to fix a supposed TDS issue. Now I think they tricked me, and I haven’t received my loan. Who can I report this to? What should I do next?
Vote Up
264
Vote Down
Apni Law Staff asked 1 year ago

I was promised a 3% loan by a finance company if I took out a policy from them and used it as collateral. But after I bought the policy, they asked me to get another one to fix a supposed TDS issue. Now I think they tricked me, and I haven’t received my loan. Who can I report this to? What should I do next?

1 Answers
Vote Up
27
Vote Down

Best Answer

Apni Law Staff answered 1 year ago

You can file a complaint with the Insurance Regulatory and Development Authority of India (IRDAI) about the misrepresentation regarding the loan and the subsequent pressure to buy another policy. You should also consider approaching the Consumer Forum or filing a police complaint for fraud if the finance company refuses to provide the promised loan.

You Might Also Like

Starting a news app in India, I’m planning to showcase articles from well-known newspapers and websites. Do I need to get their permission before using their content? What’s the process for using their material?

I’m facing a frustrating situation with a business center in Chennai. I referred a client to them, and they promised me a 10% commission on the business generated. However, they’re now backtracking on their promise and offering me only a 15K voucher instead of the agreed-upon 60K. What are my options for lodging a complaint about this unethical behavior?

I bought a property from Andhra Bank’s Maharanipeta branch in Visakhapatnam. The sale certificate stated the property was free of any known encumbrances. The auction notice mentioned a two-storey building for sale. However, I discovered the building lacked plan approval and had property tax arrears exceeding one lakh rupees, including penalties. I paid one lakh thirty thousand rupees for the Building Penalisation Scheme to regularize the plan and cleared the one lakh rupee property tax arrears, holding all the receipts. Is Andhra Bank obligated to reimburse me for these expenses?

My credit card statement shows a different total than the sum of my individual purchases. I contacted customer service, and they acknowledged a mistake. I have proof of their error and want to file a complaint. What can I do?

My builder and I signed a contract to buy a flat, including the land and construction. However, the final property deed shows a smaller share of the land than I expected. Can I get a refund from the builder? Some of my neighbours already registered their flats without noticing this discrepancy. Do they have any legal recourse?

Share This Article
Previous Article Can someone be charged with mental harassment for forcibly taking possession of their belongings?
Next Article My housing society is holding elections soon. Can an associate member attend the meeting and vote? Which rule allows this?

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.