Citifinance,ge atc are giving personal loans with no guaranteers. but they are nothing less than .....

they are nothing less than white collared loan sharks. any one has an experience?

Answer:
We had an account with citifinace. My husband got sick, the insurance we got with the loan, paid the loan off in full. Thats our only dealings with them.
I have no personal experience, though I have had offers from Citifinance. One of my friends, a Branch Manager with a top insurance company, once told me exactly what u said. These guys seem to be the organised sector of the loan sharking.
The rates should make you understand compared to national prime bank rates or simply compared to a national banker.It's your BLOOD after all.There should be general policy consensus of NOT permitting such RBI approved lenders in the market.Another one is GE Capital,wonder what is their status with RBI- NBFC ?

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