Harassment banking
How many days does a bank in Qatar take to disburse a personal loan? Generally two days. But my experience with Mashreqbank has been very painful, to say the least. It goes to show how the callous attitude and inefficiency of a bank can ruin the peace of mind of a hapless customer. So, be on guard, all the readers!
Mashreqbank sanctioned me a loan, but instead of releasing the loan to me, they are keeping it in my account (frozen) and charging interest on that! The problem is that I was not able to submit a salary transfer certificate in a format required by the bank. I have no right on the bank’s money and they have every right to refuse the loan. But that’s not my complaint. The bank was holding me a hostage for eighteen days without giving a Yes or No answer and every day I went through excruciating mental agony as I needed the cash for a property deal back home. After all, you don’t seek a loan to dine at a local restaurant!
At the same time, an official at the bank gave me hope saying the money would be released ‘soon’. But on Tuesday, he gave me another shock! That the loan will be released only after my first salary transfer! Do you take 18 days (by Tuesday) to come up with this reply? This is a clear case of cheating as they deprived me of the chance to approach another bank by delaying its decision.
Any ideas on how I can get justice?
i've got the same experience with IBQ.
Yeh, it's true and this bank is a disgrace to the banking industry. Two of my friends too were taken for a ride by this bank's credit card section.Mashrek executives( or executioners) make a lot of promises to get an account opened or to process a loan or credit card application.You know, what happens later...
I have heard even to move a small paper they need permission from Dubai. So you go to Dubai that will be better ;-)
thats the worst bank in Qatar better change your bank on the double
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