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When financier giving loan why again he is taking 6% advance (ADV - Financial)

by RPB, Wednesday, February 10, 2016, 10:52 AM (2997 days ago) @ raarna

This is the complete fake process as we've seen earlier with similar fake funder. They will make some DD by managing Branch Manager, they give you Xerox copy for verification, later they collect 3%-6% whatsoever the amount based on your loan amount, they collect money in advance to their accounts, then they will provide fake DD and after you get it, you'll have do nothing for recovery of paid amounts as all it is illegal process. 90% fake ads are like this. Some body send you a list of documents and procedures showing that they will give you original fund, but they collect upfront in the name of "File Charges" / "Legal Charges" / "Inspection Charges" ... there are many names for their upfront. And the funny matter about their service charges: Project loans are big amounts, any genuine broker charge 0.50% to 1% max on disbursement of loan amount. But so many day-dreamers put this clause as "5%-6% or even more. Some consultants fix some price "5-10Lakhs" and "1-3Lakhs" as upfront. Then they need 30-90Days to process. All these guys simply will run away with the processing fees/ File charges / Service charges we pay in advance. If a real funder/Financier wants to fund his money in good projects, they never ask you money in advance with any service name. So forum members beware of them!!!!

Thanking you

Venturaeffects@gmail.com

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