Bajaj Finserv — Foreclosure of Bajaj Salaried Loan

nilesh.hivarkar1982

Jun 24, 2016

Address: Pune, Maharashtra, 412308

Website: www.bajajfinserv.in

Bajaj Finserv Customer ID: 21534719
Loan No: 402SAL17691514

I would really appreciate your help on this matter.

I had borrowed a SALARIED LOAN loan from Bajaj Finserv in Dec-2015. Loan was offered with the terms of NIL foreclosure charges & NIL Prepayment Charges.

I had accepted this loan with those terms, even rate of interest are high compare to other banks and even I can get easily loan from other banks.

Today when I want to close out this loan, Bajaj Finserv is saying that they have modified charges since 1st Jun 2016 and are applicable for existing loans also and now Fore closure charges are 4.6%.

How can already executed agreement terms be changed by company?

With below mentioned evidences clearly stated that Nil Foreclouser Charges, so I request you, be honest and give me foreclouser with 0% charges. PFA.

1. Bajaj representative mail
2. Welcome letter
3. Sanctioned Loan Letter. PFA

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Bajaj Finserv customer support has been notified about the posted complaint.

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Comments

venkat.gvram

Jul 5, 2016

Lets join all the customers to fight against this bloody organisation who is playing with customers for their profits.

They don't have morals. their intention is just earning money.

They just say bloody answer as Policy changed, SMS sent.

Please give this feed back on BajajFin to as many people as possible.

aksiitian

Jul 12, 2016

Hi,

I have also received the same treatment from Bajaj Finserv where they unlawfully retracted from the initially agreed terms of the salaried loan and imposed a 4% foreclosure charges+taxes. I sent them a legal notice already and will be filling the case in consumer court soon. Meanwhile, I have also notified CIBIL regarding this illegal behavior and will stop paying EMI until court resolves the matter.

Arvind