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MouthShut Score

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4.16 

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LENDBOX IS A FRAUDULENT PORTAL
Issue Resolved
Brand-aid! The problem has been fixed. Happy Ending.
Jul 19, 2021 07:46 PM 3214 Views

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TRANSACTREE TECHNOLOGIES PRIVATE LIMITED Cares

TRANSACTREE TECHNOLOGIES PRIVATE LIMITED is working closely with MouthShut.com to enhance customer satisfaction.

PLEASE! PLEASE! PLEASE!


DO NOT INVEST IN LENDBOX!


THIS IS A SURE WAY TO LOSE YOUR MONEY!


My wife and me are victims to this fraudulent scheme! We were on boarded at the end of April 2021. Our supposed'Relationship Manager' Mr. Amit Singh Mb. No. 701469xxxx was in constant contact with us up until we transferred funds to the Lenbox portal. Without our knowledge or permission he disbursed the money to 3 borrowers. The 1st instalment - ALL 3 HAVE DEFAULTED! Thereafter I tried to contact Mr. Amit who seemed surprised but assured me he would resolve the issue. He kept giving some sort of excuse after another. The second instalment - AGAIN ALL 3 DEFAULTED! From here on Mr. Amit stopped attending my calls! I then tried to contact the Mobile number given on the portal(7291029298) - IT DOES NOT EXIST! I have given 25 CALLS in a single day to Mr. Amit but he has not responded to even one! Our hard earned money now lies in limbo! PLEASE do not invest in this company as I'm sure it is BOGUS! I will be taking up this matter with RBI, SEBI, Home minister, Police and other such organisations to seek redressal and terminate such cheating portals. If my issue is not resolved then I will be posting another review along with my email ID so all aggrieved investors can get together and sign a petition to the relevant ministry. PLEASE BE CAREFUL!


Brand Response

Dear sir,
We regret that you had such an experience, we asked the team to check into your account and investments, as per the team, you have invested in MSME loans i.e loans given to small and medium businesses. Due to the recent lockdown across multiple states, a lot of businesses weren't functional. The collection team is coordinating promplty with partners and borrowers accordingly, your repayments will start to credit very soon. We're sorry for the lack of responsiveness from your wealth manager, your concerns have been conveyed to senior management to be addressed on priority.

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By: Lendbox | Jul 22, 2021  03:46 PM imageComments 0

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