When I was thinking of taking out an emergency loan last January I thought of taking out a home loan in my mother’s name. Another person said that he would take a loan from someone he knew in FIVE STAR FINANCE and that the broker’s commission would be Rs.6, 000 / – per lakh and the interest amount would be 1.5%. I also agreed.Inquiries from some in town on the side said definitely try to get a loan.Tried.They told me to pay the money immediately and I agreed not to fight and said that I would give it after the loan amount came.I asked for Rs 4, 00, 000 / – and got Rs.2, 60, 000 / -. And it was only after I went to the office to change the home belt that I found out that the interest was over 24% and my family was shocked to have to pay the installments for another 7 years.
We agreed without any other way and got the loan. I also paid 14, 000 / – as the broker stubbornly asked the commission.I agreed to auto debit at the bank, but for three months I paid the installment by its account number. On June 11th, 12th Bank Holidays.Also contacted me on the phone and could not accept their phone call due to some marital stress.June 13th Some people from FIVE STAR FINANCE went to my house after I went to the office and fought with my mother and got the installment.
They also threatened to repay the remaining installments within a this week. My mother’s physical condition has not improved for two days due to marital stress.that officers should come and take stern action against those who make threats, Who given this order – go to their home and shout for unpaid installment.to that man. The broker and the FIVE STAR FINANCE collection executive will have a tertiary relationship and will be ordered to repay the commission.
In case of failure to take action I will report to the next step for the benefit of the family of many FIVE STAR FINANCE, and I hereby inform you that many families around my village are in the same position as many of my families who have borrowed. Families are pay high interest rates and also many 7, 8 years to this.
Have more stressed to my whole family due to this.
The only reason for all this is the thoughts of a few people who cheat by saying that the broker is the lowest interest.