[Resolved]  Sriram Finance — Worst Finance with Gundas

PEOPLE DON'T GO FOR SRIRAM FINANCE THEY ARE REAL GUNDAS AND CHEATERS

I was forced to take a trade loan and later when I was not able to pay a month's due, they came home with Gundas and want to take away things from my office. They shouted rudely standing outside my office to show off in front of all my neighbours. They told so that I will pay them on time.

I accept that one has to pay the dues regularly, but on in business situations today, people may fail to pay their due (but not too many dues, may be 1 or 2. I missed only 1 month due.) finance companies should respect their customer privacy and should respect them first.

Govt. should take action against such activities.

In most cases, these people try to cheat us by not explaining the interest rates properly. Even after a long 8 months due only 6% of my principle was deducted. So 96% paid was only interest. Initially they told me like 24% rate of interest, but I was not able to figure out their hidden tricks in it..
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Aug 14, 2020
Complaint marked as Resolved 
 
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I had taken a two wheeler loan from Shriram finance in Hyderabad, A.S Rao Nagar Branch in September 2012. I was paying my EMI promptly and it was getting deducted every month from my salary account. I had been paying my EMI for more than 2 years and just 2 EMI's were pending from my end. On 24th November 2014 they send their executive to my home and since I was at work that chap spoke very rudely to my wife. I had contact number of one of their collection executives named Kiran kumar so I called him on 24th Nov itself and updated him that I would be visiting their office next morning to pay 2 months due which amounted to 4910 rupees and kiran agreed. Next morning I was waiting for Kiran at 9AM sharp outside Shriram Finance office as agreed. When I called him he said he is on his way and would reach in 10 mins. After the call I realised that my bike was missing. I had parked my bike in the parking lot in front of their office. I called up kiran again and told him that my bike is missing and he pretended as if he does not have any clue. He arrived at 10AM and said that he would check if my bike has been seized. I was not able to understand 3 things here. Firstly how could they seize my bike without giving me any written notice ?.. Secondly how could they seize my bike without even bothering to inform me ? and thirdly how dare did they seize my bike when I myself was coming to their office to pay 2 months due. After checking his system kiran cooly informed me that my bike has been seized and I will have to shell out the total amount due which is 36, 518 including 1000 rupees seizing charges. I was shocked and asked him that what he is saying is totally unjust and unfair. But this guy was rude and adamant and said that until I pay the full amount they will not release my bike. I had to make arrangements for cash and I paid 36, 518 to kiran kumar and then he handed me the bike keys. When I told him to reutrn my post dated cheques he said that they cannot return my cheques. I asked him what will happen if they deduct money from my account next month to this he replied and told me not to keep any money in my bank... Wow.. so convenient!!!... Moreover he said that it would take nothing less than 1 month for them to handover NOC to me which I think is a JOKE... After this nightmare I would like to warn everyone that Please STAY AWAY FROM SHRIRAM FINANCE... THESE GUYS ARE A BUNCH OF THIEVES... THEY DO NOT HAVE BASIC COURTESY AND ARE VERY RUDE. IN SHORT, THEY ARE BIG CHEATERS. On top of this they charge exorbitant interest rate. I am writing this just to make everyone aware the consequences of dealing with this PATHETIC COMPANY... They dont even deserve 1 star for their pathetic service and attitude...
A very worst experience is still continuing ruin my time and energy, This Shri Ram Finance Anna Nagar Chennai branch guys are worst to be in this world. They are thinking that customers are cowards who will always be calm even when they are not responding. I have Bought a bike with loan on Dec-2012 Dio Reg No TN-05 AR 5259. It got completed by August 2014, They gave me only the Photocopy of my Bikes Registration Certificate when the loan signed (2012), After the completion of the loan they have to provide the original RC to me. I have Applied NOC and submitted the requested documents to them so that they will give my RC. This was done on the same month of August, They said that the RC book along with the NOC will reach to the residential address through courier within fifteen days from the date of submitting the documents. First they didnt gave any acknowledgement in response of collecting the documents. Waited for more than two months, no response from them, again visited them directly. A big Shock the submitted documents are not processed and even they dont know whether its submitted and they said the previous staff has resigned and she havent done any processing, is that my mistake they convinced me and pleaded to provide the documents again so again i photo copied every document and submitted them on 22-November-2014 and they committed that they will delivered the RC to my home personally before that Friday. Still Today 06-December-2014 no response from them again visited them they still say that its not processed. I really got fully irate with their behaviour while asking for the reason they still say that previous staff left i pin pointed to them that i have submitted the documents again to process. they still said it will take 45 days is this a way to answer, am feared that if they have missed my RC, and playing fool around me. I want my Documents back and i know its illegal to drive a vehicle without the original copy. I need some help to file a case on them am even ready to pay for filing a case on them. i want them to repay me for the inconvenience caused to me, Am feeling mentally disturbed with their acts.
I do not remember that i got any personal loan from Shriram chits.
Recently, i got 2 registered post letters from Shriram city union finance asking me to pay the balance of personal loan that i took on 9/9/2006. This is really rubbish.
What action is taking I think we should file a case against them together
[protected] [protected] let's unite and teach them lesson
Shriram Finance Chennai - Agent(Fraud Person) Cheated My Money

Shriram Finance is workin Person Name is Austin Shiloker (Fraud Person)

He is Cheated my money

He is Hous in chennai, Pozhichallour or pammal

his Phone no is [protected]( this phone no is nowdays switchd off)

Iam Attached is photo & Facebook Link Also that person

He is cheated so many person

He is asking loan commission people(doing fast work without paper he is doing)

https://www.facebook.com/austin.shiloker

yes shramcity finance not shoing intrest rates and Hiddencharges and not giving every month statements also, no one controll this Finance why iam dont know' Immediately take action against Shriram city Finance(warangal branch very 2much making rowdy ism ) MSE small business loans and taking bounce charges3500/- and harassing they already property 10times mortgaged and harassing any one control take action againest shriramcity finance warangal and control thier behaver, RBI AND STATE FINANCE AND CENTRAL FINANCE MINISTERS Please controll the shriram city finance issues and 2much charges and rashhness
and give a complaint to http://www.akosha.com/ consumers forum they will do bet job my hope
This is utter un-professionalism. I have financed Scorpio on loan, from sri ram finance, then your people called me from mumbai stating that you can get the Insurance of the vehicle done, I said OK, nothing else was asked and the insurance bill came to be 13k approx also the vehicle name mentioned in the insurance paper is not correect, its malice and fraud. Please correct the vehicle registration number or refund my money. Vehicle WB38T1019 JAN/2006 MAHINDRA

SCORPIO M

HAWK

LX 7 SEAT-
ER

2179 Diesel 2006 7

AND

MAHINDRA
chutya staff recruited.. they dont know even how to talk to customer...always making fool... even their superior are stupid.. not even curtsy to call the client about their loan status.. i have book my bick...10 feb 2016till the date i have not received my registration no...today is 11th may 2016
my dear friends if you want to take actions about sriram finance, pls plssss, i will kindly request u to plsss 1st create a circle 4 did complaints to government. and send the proofs to my id also, iam from guntakal anantapur district.. [protected]@gmail.com. plsss send complaints and proofs on my id. i will also send u, i[censored] sent . plsss friend help me, and save the poor people about sriram finance.
Yes, Please don't take loans from Shriram, they are the worst in Loans sector. they don't have proper customer support, they don't give proper reasons for high interest rates .
I stay in Telangana and saw that ShriRam Assocates is providing mark sheet loan i.e loan against X and XII marksheets of school. I spoke to the number provided and was asked to scan and send copies of Pan Card and Aadhar Card and photo and bank statement which I did. Then I got a call from branch manager who said I was eligible for Rs.5, 00, 000/- @6% interest loan and was asked to deposit Rs.4600 as documentation charges to an account in Ghaziabad-Uttar Pradesh. I deposited the amount in the bank number provided to me. Then I was asked to type information on Rs.100 non-judicial bond paper that I am will pay Rs.10833/- as EMI for a loan of Rs.5, 00, 000/- and get it attested by notary which I did. I was told Rs.2, 50, 000 payment will be made to my bank account. Then suddenly I get a call from the branch manager that the AVP is telling that I have to make a payment of Rs.18700/- as loan on insurance within 2-3 hours. I immediately made a payment of this amount through e-seva. The next day I did not receive any fund transfer of 50% of loan amount. when I called another guy answered the phone saying I had to deposit Rs.5600/- as charges for RTGS TRANSFER for the partial payment of loan amount. I paid the amount next day. Still I did not receive the said amount. When I called them I was told that I have to pay an amount of Rs.10000/-as commission charges to which I requested some time but was told it has to be done as soon as possible. I am getting worried now. Is this a genuine company or a scam? The office address is in Arumbakkam in Chennai. Kindly help me out.
Yes friends, shree ram finance is one of the worst finance in india especialy salem old busstand branch. Yester day i go to my 11 th due amount payable for the finace, my 11 th due is just delay for 20 days, and also i paying the money for late days intrest, but the elephant manager is told, pay all due s now, but my 12 th due time is more than 10 days, but he told u paid now, other wise give me the bike key now, i argue the manager, another collection gunda is shouting for me give me the key or i broken u r bike lock, this is so irritating, so i give the bike key he take the my bike is ours gudown, then i feel very badly. Because just 20 days late for due, he cease my bike. Then i walk on the road, my frd is there on the road, i told the proplems, he give money then i paid the finace, then the gundas manager and collection executive give the bike, and the finance is cheating the all customers for extra amount for last due times this is so bad. Pls close the finance. Frds pls dont choose the shriram finace.
sriram finance is worst in four wheeler finance. they wont close the installment. 1 or 2 installment pending. they create problem ceasing vechile. charging 40, 000/- Balance. They charged 1, 80, 000/- ( 1 lakh 40 thousand ) interest. they will not help customer. company is having gundas. stupid finance sriram finance. other finance or good like ( Sundaram / Tata finace ).
Sriram Finance In Fake Finance I have taken Personal Loan I AM Pay the Amount 15, 000/- But loan Not processing Keta 1 Week 2 Weeks nu solli Late Panranga And Not Response moblie Number Switch off enaku Loan vendam ennota amount 15, 000/- Thirupi Thanga
Ivanga tha Call Pannite irukanga Loan venuma Venumanu Ipo amount vankunona Response Pannamatikaranga amount thirupi Thanga Ethunatanthalum Nengatha responsibility.

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