Hundreds of complaints were received against Capital Microfinance for very high interest rates

Hundreds of complaints were received against Capital Microfinance for very high interest rates

KARACHI (Monitoring Desk) Security and Exchange Commission of Pakistan (SECP) has received 288 complaints.

against Capital Microfinance (Pvt) Limited, out of which 283 have been redressed. According to news website ‘ProPakistani’, most of the complaints from customers were about high interest rate and other charges.
According to the data, Capital Microfinance is a non-banking finance company.

which was issued a license by SECP on 1st February 2022. According to the report, in most of the cases, when the customers failed to repay the loan, they filed a complaint.

against the company with the SECP. Many customers have also complained about the company taking unfair measures for recovery.
It should be noted that this company called Capital Microfinance is currently running two applications ‘Easy Loan’.

‘PK Loan’ and is giving loans from Rs 3,000 to Rs 30,000. Is. Customers are given this loan for 7 days to 90 days.

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