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Finance company Charged 1% Interest per Day

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Girish85

Hi Dimers,

Kindly suggest any to get out from this ATD Money Finance loan with less amount.
https://www.atdmone...m/

the loan which i have taken in Mar’20 of Rs.25000, now its crossed 1Lakh which to be paid they are telling

actual its a short term loan for 30days Int. was 0.07% post that 1% daily interest its changed

partially i have pad Rs.20000, as a settlement they are asking me to pay another 60000.

Still they are calling my reference & threatening they will put legally case on then too

if not paid they are telling will process to Legal action & CIBIL & Cyber Cell Complaint

Kindly suggest how to go forward with this or anyone has same situation?

Currently am Jobless.

57 Comments  |  
24 Dimers
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Deal Subedar Deal Subedar
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And you registered here to just ask this.? 🤔🤔🤔🙄🙄🙄

Deal Cadet Deal Cadet
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161508-v2.0 wrote:

And you registered here to just ask this.? 🤔🤔🤔🙄🙄🙄

.

Deal Newbie Deal Newbie
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161508-v2.0 wrote:

And you registered here to just ask this.? 🤔🤔🤔🙄🙄🙄

Many people was suggesting me . Though I would get some insights or solution.. with large number of people.

Deal Subedar Deal Subedar
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They gave it away by mentioning cyber cell. CC has nothing to do with this.
This is a scam website/app just like tons of other available online. The max that they would do is call your contacts and threaten them, you gave them the permission yourself. They cannot touch your cibil. A kid committed suicide because they harassed every contact of his a couple of weeks back. Don’t worry dude. Stay away from easy money.
P.S. Even if we all complain about this to cert-in, they won’t do shit. What a fucking shame.

@guest_999

Deal Cadet Deal Cadet
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if you are stupid enough to take loans from such companies you deserve to get REMOVED what part about the payment did you not understand? everything is mentioned before hand only

Critic Critic
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Tell them to close the loan with a reasonable amount else you will file a complaint against them to rbi(give those china lending apps example).

Deal Captain Deal Captain
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Once taking the loan didn’t you received the terms and conditions and interest schedule copies?

Deal Cadet Deal Cadet
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Apart from threatening calls nothing is going to happen, not even a physical visit, bear for sometime

Deal Subedar Deal Subedar
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Site design is poor. They are not RBI certified. They cannot touch your cibil (even they mentioned that they have nothing to do with cibil scores). They might proceed Legally if everything about interest was prior intimated to you. If they really started harassing you and your contacts, then its better you make the first legal move by approaching police.

Deal Newbie Deal Newbie
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PrabsTalks wrote:

Registered Fir against him

pls let what know what all req for file a complaint.

Deal Newbie Deal Newbie
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guest_999 wrote:

Tell them to close the loan with a reasonable amount else you will file a complaint against them to rbi(give those china lending apps example).

i request them to calculate regular interest & that i will honor & pay that, they are telling to pay 60k as a settlement.

Deal Newbie Deal Newbie
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Cody wrote:

Once taking the loan didn’t you received the terms and conditions and interest schedule copies?

yes they have told, that was lock down time, salary cut may problem, thought they will calculate regular interest. but they are charging higher.

Critic Critic
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Girish85 wrote:

i request them to calculate regular interest & that i will honor & pay that, they are telling to pay 60k as a settlement.

Tell them you will pay 5k more than initial loan amount so total 30k out of which you already paid 20k so now 10k more. Tell them if they don’t agree you will complain to rbi & police citing those Chinese lending app example. For 10 months you are paying 5k on 25k loan which is 25% absolute return which is much higher than any personal loan interest rate by any bank & similar to credit card interest rates of ~35-45% per year.

Analyst Analyst
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dm @ narendranath on twitter or meet him personally if you are in ghaziabad (ask him you wish to meet citing china loan issue), if in mumbai contact moneylife’s sucheta dalal. both have been doing some good work in this issue.

Deal Newbie Deal Newbie
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ULYSSES wrote:

Site design is poor. They are not RBI certified. They cannot touch your cibil (even they mentioned that they have nothing to do with cibil scores). They might proceed Legally if everything about interest was prior intimated to you. If they really started harassing you and your contacts, then its better you make the first legal move by approaching police.

This company is registered with RBI, its listed in RBI portal, kindly suggest.

Deal Newbie Deal Newbie
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popeyemask wrote:

RBI m complaint thok do ..

what can i mention in the complain

charging higher interest or settlement also they are asking high.

or calling reference contact & threatening them

Deal Subedar Deal Subedar
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Unsecured loan..so i guess dey cant take legal Action

Shopping Friend Shopping Friend
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This company is not even RBI certified and as many dimers said they really can’t touch your CIBIL. If you received call again from them Tell them to go fuck theirselves and if you guys called any of my relatives I will come up with a FIR and maybe file a case against your company, remind them about recent china apps loan scam and etc. Just threaten them back

Deal Subedar Deal Subedar
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Girish85 wrote:

This company is registered with RBI, its listed in RBI portal, kindly suggest.

The Site and their FAQ looks shady. App has been taken down from playstore. Take some professional legal opinion without hiding anything.

Deal Subedar Deal Subedar
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Use classic tactic of raising your hand that not capable to pay + sob story
Tell them firmly, if they want to agree with X amount otherwise they should forget it. Be reasonable in amount you want to negotiate. People are mentioning here they can’t do anything legally but it is upto you how much of harassment you want to take.

Deal Newbie Deal Newbie
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SHARKTANK wrote:

This company is not even RBI certified and as many dimers said they really can’t touch your CIBIL. If you received call again from them Tell them to go fuck theirselves and if you guys called any of my relatives I will come up with a FIR and maybe file a case against your company, remind them about recent china apps loan scam and etc. Just threaten them back

i check in RBI portal, there are registered bro, just thinking if i talk in this version will it rebound to me.

Deal Newbie Deal Newbie
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ULYSSES wrote:

The Site and their FAQ looks shady. App has been taken down from playstore. Take some professional legal opinion without hiding anything.

you are right, me to saw just now, there app no more in play store.

Deal Newbie Deal Newbie
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Majestic wrote:

Use classic tactic of raising your hand that not capable to pay + sob story
Tell them firmly, if they want to agree with X amount otherwise they should forget it. Be reasonable in amount you want to negotiate. People are mentioning here they can’t do anything legally but it is upto you how much of harassment you want to take.

i will try this, actual they are calling to HR head also, dont know how they got it cry

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