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Electronics dealer has done fraud loan by himself without intimation


24-Nov-2023 (In Recovery Law)
We have taken a loan for buying a washing machine from IDFC bank through electronic dealer on 16th of October, 2022 but the dealer has done one more loan without giving any intimation of Rs 38 Thousands something by showing that we have bought Air Conditioner, after that we have visited at his shop then he said that he hasn't done it but when we show him the message that we received from IDFC bank in which his shop name was showing, he said that he will try to cancel this loan and on the same day we have mailed to IDFC that we haven't taken this loan and we will not pay the loan and next morning we received call from IDFC bank and they told us that they will remove this loan and will provide us the solution and ask to wait for 1 month but after waiting they call again and said that they can't do anything we have to talk with electronic dealer and he didn't give us the money that he has taken on my name and ID and he said that he will provide the money but he didn't, 1 month has passed.
Answers (3)

Answer #1
715 votes
If they are not listening to you then you can send them a legal notice and in that notice you can write either refund my money back along with compensation or face legal action. And if want to go legal then you can always forward a written complaint to the police station of your area. For more legal assistance I am just a call away.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRato Delhi | 1000+ Answers
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Answer #2
791 votes
Hi, Since you have already contacted the bank regarding the issue, you may consider taking this issue to the RBI Banking Ombudsman for resolution, since based on the facts it appears that the second loan was sanctioned without your authentication or approval. Please feel free to contact me for further assistance.
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Advocate Kunal Srivastava

Adv. Kunal Srivastava

LawRatoDelhi | 100+ Answers
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Answer #3
608 votes
hi, this is advocate anupam kumar mishra from lexis and company. we are a boutique law firm based in delhi, equipped with a team of skilled professionals who posess a cumulative experience of more than 20 years. we have expertise in civil and criminal cases like this, and can help you to find a legal solution to this. please feel free to contact us for further assistance. regards. thank you for your time
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Advocate Anupam Kumar Mishra

Adv. Anupam Kumar Mishra

LawRatoDelhi | 25+ Answers
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