A Valid Warning: Why Avoiding Avanse Financial Services is Crucial for Loan Applicants
Avoiding loans from A vansa financial services is essential for anyone seeking financial assistance. My recent experience, and countless others, highlight the myriad issues associated with this company. I strongly advise refraining from engaging with Avanse Financial Services for any financial needs. This article details the grave shortcomings and fraudulent practices we have encountered, ensuring individuals are fully informed before making the critical decision to apply for a loan.
Problems with Avanse Financial Services
My time with Avanse Financial Services has been marked by extreme dissatisfaction and unprofessionalism. Over the past few months, I have faced nothing but unprofessional conduct, a lack of communication, and exceptionally rude behavior from their team, primarily from my assigned relationship manager, Mr. Bramhanand Rahulkar.
Despite multiple attempts to reach out for assistance, my requests were ignored. Calls and messages went unanswered, emphasizing the company's disregard for customer service. When I finally managed to connect with Mr. Rahulkar, the experience was far from pleasant. He treated me disrespectfully, spoke rudely and abusively, and hung up on me multiple times. Such behavior is unacceptable and goes beyond mere professional misconduct.
Unprofessional Conduct and Customer Disregard
The treatment I received from this company was appalling. The lack of respect and professionalism from the team is symptomatic of a larger problem: a complete disregard for customer well-being. This behavior is not only damaging to the individual but also reflects poorly on the company's business ethics.
I strongly advise all potential and current customers to think twice before engaging with Avanse Financial Services. The company's poor service has left me deeply dissatisfied and in search of a way to escalate the issue and ensure that the responsible parties face consequences for their actions.
Scam Tactics and Fraudulent Practices
During the loan application process, Avanse Financial Services demanded a payment of Rs. 7080 for property valuation and legal charges. The manager assured me that this would expedite the process and that there was no risk of rejection. However, within three hours of making the payment, the application was rejected without any valuation being conducted. This is an example of misleading and potentially fraudulent behavior.
Upon realizing the fraud, the company did not come to a constructive resolution. Instead, they pressured me to pay the fees, even after I decided not to proceed with the loan. They threatened my CIBIL score and harassed my co-applicant, adding to the intimidation and stress. The unprofessional customer service was a continuation of this hostile behavior.
Furthermore, the interest rates offered by Avanse are in the higher range, with floating rates between 12-16%, without prior notice. There is no transparency in these rates, and the loan insurance required is excessive and unnecessary.
The initial friendly and professional approach from the company's representatives changed dramatically once they had all the required documents. They then began to display their true colors, indicating fraudulent and predatory practices.
Avoiding the Worst Scenarios
Unless you have no other choice and are prepared to experience the worst scenarios, it is highly recommended to avoid applying for a loan with Avanse Financial Services. The company's practices can lead to significant financial strain and emotional distress.
Escalating the Issue
Given the severe nature of the issues, I am escalating this matter to ensure that action is taken against Avanse Financial Services. Individuals who have experienced similar treatment or fraudulent practices should report their experiences to relevant authorities and consumer protection agencies.
Conclusion
Avoiding loans from Avanse Financial Services is not just a matter of personal experience; it is a warning to others about the potential for scams and unprofessional conduct. Do your research, read reviews, and ensure you are dealing with reputable financial institutions. If you are considering a loan, be wary of any company that demands upfront fees, practices underhanded tactics, and shows a clear lack of respect for customer service.