Mobikwik reinvested P2P lenders' money without their consent

[aravb]

What % of principle has been paid to you guys by mobikwik. I have two accounts one has 13% and other has 26%. I want to know if it is variable for everyone.. if yes then the expected repayment shown is also fake

 

[thisisjagan]

I called the customer care today to understand why I didn't receive a repayment. I was told that none of my borrowers, like there are about 50 borrowers and none of them paid. Mobikwik is doing a big scam.

 

[Sahil_07]

I called the customer care today to understand why I didn't receive a repayment. I was told that none of my borrowers, like there are about 50 borrowers and none of them paid. Mobikwik is doing a big scam.

Have you received 0 on 12th Oct?

 

[aravb]

I called the customer care today to understand why I didn't receive a repayment. I was told that none of my borrowers, like there are about 50 borrowers and none of them paid. Mobikwik is doing a big scam.

Similar experience, 80 borrowers and repayment is 1/3 of expected. Big scam

Have you received 0 on 12th Oct?

0 on 30th September, 1/3 of expected on 12th

 

[thisisjagan]

Have you received 0 on 12th Oct?

Nothing on 12th.

 

[Sahil_07]

Update:

A journalist friend of mine is interested in publishing an article on this topic and would like to speak with some victims who are willing to participate.

If you are a Mobikwik P2P investor and agree to take part, please DM me your contact information.
News portal: moneycontrol

What's the update on this @admin

 

[AlooDum]

Any update ??

 

[Sahil_07]

In my borrower list I can see my money (2 lakh) has been distributed between 277 borrowers & max lent amount is 1000, itna chota amount me bhi kon default kar ta hai yaar!🤷

Is it same for you guys too? Max lent amount 1000?

 

[Zacobite]

aisa nahi hai.. usko 100 logon se 1000 mila hoga total 1L..tho default karega tho ek person ka sirf 1000 dubega.. p2p ka yeh funda hai

 

[Sahil_07]

aisa nahi hai.. usko 100 logon se 1000 mila hoga total 1L..tho default karega tho ek person ka sirf 1000 dubega.. p2p ka yeh funda hai

Understood. My second repayment should be between 10k-12k,but got 8k
Will these amounts will be given later on with interest?

 

[Zacobite]

Understood. My second repayment should be between 10k-12k,but got 8k
Will these amounts will be given later on with interest?

that i cannot say..

 

[thisisjagan]

Response from Lendbox after I raised about 0 payment on 12th October. But the highlighted part is a lie.

Greetings from Lendbox!

Please refer to your repayment schedule for the month of September and the amount paid to you in the first round of repayments. We would like to point out that you have already received in September amount in excess of what was indicated.

Rest assured, your repayments will resume when we make the next set of repayments for the balance month of October (9th-30th).

Additionally, the next repayment is now expected to happen on November 12. This will cover the repayments from October 10 to November 10. After 16th Nov 24' , we will transition to a T+1 repayment schedule.

 

[Sahil_07]

Response from Lendbox after I raised about 0 payment on 12th October. But the highlighted part is a lie.

Greetings from Lendbox!

Please refer to your repayment schedule for the month of September and the amount paid to you in the first round of repayments. We would like to point out that you have already received in September amount in excess of what was indicated.

Rest assured, your repayments will resume when we make the next set of repayments for the balance month of October (9th-30th).

Additionally, the next repayment is now expected to happen on November 12. This will cover the repayments from October 10 to November 10. After 16th Nov 24' , we will transition to a T+1 repayment schedule.

Don't know what are they doing.
We will be happy with the principal amount.

 

[thisisjagan]

I suggest everyone to raise a complaint on RBI. I have got revert the next day. Though it doesn't solve anything, atleast a lot complaints will be registered under Transactree.

 

[Sahil_07]

I suggest everyone to raise a complaint on RBI. I have got revert the next day. Though it doesn't solve anything, atleast a lot complaints will be registered under Transactree.

I already did

 

[HumorSimpson]

We will be happy with the principal amount.

I guess this is what they are preparing us mentally.

 

[TechnoFinoTechnoFino is verified member.]

Moneycontrol published an article on this topic:
RBI's P2P lending guidelines lock funds: Lendbox investors seek recourse - https://www.moneycontrol.com/news/b...lendbox-investors-seek-recourse-12848575.html

 

[Shinigami]

Soooooooo.....

Got an interim update without any details for the complaint with rbi.

Not really sure what is happening.

 

[supriksha]

Soooooooo.....

Got an interim update without any details for the complaint with rbi.

Not really sure what is happening.

When you had raised the complaint in RBI?

 

[Shinigami]

When you had raised the complaint in RBI?

N202425305001361
11-09-2024
Complaint in Process With RBI / Regulated Entity
TRANSACTREE TECHNOLOGIES PRIVATE LIMITED


N202425002012568
07-09-2024
Complaint Registered with RBI and sent to Regulated Entity
One Mobikwik Systems Limited