Magma Fincorp Ltd. - Fraud,cheat by Magma Finance Allahabad and ananya motors
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Complaint by: advshailesh on March 8, 2016, 5:19 pm in Loans All

Sir, I had applied to Magma Finance Allahabad for financing a car and my loan was approved with customer proposal no.- PG/0044/C/12/000334 and they sent a delivery letter Dt-15/10/2013 (Annexure-1) to Ananya 5motors stating conditions and receipts regarding delivery of vehicle. I had paid the money but more than 2 years had passed but the vehicle is still not delivered to me as of 05 March 2016.they also presented few of my cheques and got it cleared without delivering vehicle,their statement showing my down payment and installments is annexed as annexure-2.I had done various correspondences and personally requested them to deliver my vehicle but in vain.I had also sent a notice but they paid no heed and insulted me.Therefore, I request you to kindly look in to my matter and get my vehicle delivered at the earliest, compensate me for mental, physical and financial trouble caused due to it and also punish the guilty.
waiting for your prompt action and reply.
yours sincerely
SHAILESH SINGH

Complainant's Goal: to refund money or get vehicle and punish guilty
Complainant's Target: Magma Fincorp Ltd.
Complaint Location: IndiaUttar PradeshAllahabad
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Thu, 06 Jul 2017  Rohit

Hi I got a call from a company by the name fynamics finance located in Delhi. They promised to provide me a loan of 400000 for which they charged Me with a pre payment of 2500 inr...
Could you please provide me an info as to how far this company is legitimate and will I get the loan amount sanctioned.
Regards