Hi, This is shafeeq my brother had borrowed money from citifinance due to some circumstances he was to leave for dubai and he asked me to make one time settlement when i contacted the bank they ran up the interest to absurd heights i promised mys elf i will never extra money then the recovery agents started called everyday and harrassing my parents with much difficulty myconvinced my parents to give the case to me i took the number i said the same thing they said they impound my brothers passport i said ok last year during ramzan time when i was fasting some called me and said i am calling from a police station iam ASI i explained the issue he started using foul language i was so pissed of since i was fasting i said whoever u r i care a damn even i used foul language i dared him to arrest me he siad he would send NBW i saidd ok i dare you to come home and after that someone from legal cell called me and threatened to file a criminal case against me i used the same language after few days realised its not easy to recover money from me they came to my terms and conditions
RE:pay them in the same coin
by ramprasad on Oct 15, 2007 06:13 PM Permalink
THESE BANK FELLOWS WILL NEVER WANT YOU TO SETTLE YOUR LOAN EARLY IF YOU HAVE MONY THEY ARE INTERESTED IN DEFAULT AND COLLECTION OF MORE INTEREST.
RE:pay them in the same coin
by tomcat on Oct 15, 2007 06:23 PM Permalink
Ramprasad, Shafeeq,
I agree with you. The banks actually want you to default, so that they can fleece more money out of you. Not just loans, the practice of sending statements late is common for credit cards. If you dont default , they dont earn !! Why else would they offer interest-free credit to you on your credit card ??
I have a home loan from ICICI bank. My other bank delayed processing my salary, and so the ECS bounced (First of all, ICICI tried to withdraw before the stipulated date, and the withdrawal date was a Sunday).
The ICICI bank goondas waited for a week (why did they wait for a WEEK?), called me up the next Sunday at 730 am (Yes !! 730 am on a Sunday). I told them to call after 9 am, but they still called me twice in half an hour, used abusive language.
I told them that I dont even know that the ECS had failed (I hadnt checked my other banks statement at the ATM), and that I would pay by cheque. They demanded cash instead and said that the cheque should be at par (Obviously , they knew that savings accounts normally get local cheques only). Even after giving them the cheque, they called me up twice to confirm whether I have paid my EMI or not.
--- People, Please avoid ICICI Bank
I have heard too many incidents of cheating by them. I regret being their customer.
