Predatory lending

supraja

New member
Bank Name
HDFC and SBI
Loss Amount
90000
Ratings
1.00 star(s)
Subject: Complaint against Hope Fund app for loan fraud and harassment

Dear Sir/Madam,

I'm writing to report a cyber crime committed by Hope Fund app. They offered me a loan of ₹35,000, but disbursed only ₹22,000, deducting ₹11,000 upfront. For a 15-day extension, they're demanding another ₹11,000, effectively charging exorbitant interest. If I don't pay ₹36,000 (the original loan + fees), they threaten to charge ₹1,000 daily.

Similarly, for a ₹22,000 loan, they gave me ₹13,000, demanding ₹14,000 repayment. Extension fees are ₹6,000 for 15 days.

The app isn't available on Play Store, and their customer support is unresponsive.

Details:
- App name: Hope Fund
- Partner NBFC: Vaishali Securities Limited
- Loan amounts: ₹35,000 (received ₹22,000), ₹22,000 (received ₹13,000)
- Unfair charges and harassment reported

I've attached screenshots and transaction records.

Request action against this predatory lending app.

Sincerely,
Karanam supraja
 
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