[Resolved] Bajaj Finserv — interest rate is 22% but told me 13.14%

lkoboysunny

from Lucknow, Uttar Pradesh

Aug 20, 2018

Address: Lucknow, Uttar Pradesh, 227205

Dear Sir,
I have taken a personal loan of amount Rs 3, 11, 000.00 from Bajaj Finserv at the rate of 13.14% interest per Year for term of 5 Years. Bajaj Finserv has made my emi Rs 8, 589.00 per month and 5 emi has been deducted in my bank account per month. Some days ago i checked my emi detail on internet with an emi calculator at given rate 13.14% for 5 years of terms period. Then i saw at this interest rate emi is Rs. 7099.00 per month and which emi is dedcting in my account rate of interest is 22% per year. I complained from bajaj finserv office about this orally But No solution made for me about this.
So Please Sir Solve my problem and give me perfect advise about this situation.

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Sep 26, 2018

Complaint marked as Resolved

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

Aug 21, 2018

Updated by lkoboysunny Dear Sir,
I have taken a personal loan of amount Rs 3, 11, 000.00 from Bajaj Finserv at the rate of 13.14% interest per Year for term of 5 Years. My Loan Account is 456PHT66338693. Bajaj Finserv has made my emi Rs 8, 589.00 per month and 5 emi has been deducted in my bank account per month. Some days ago i checked my emi detail on internet with an emi calculator at given rate 13.14% for 5 years of terms period. Then i saw at this interest rate emi is Rs. 7099.00 per month and which emi is dedcting in my account rate of interest is 22% per year. Bajaj Loan agent which made my loan file did not told me about this interest rate. He told me only 13.14% per year rate of interst rate. So Please revised my loan emi against 13.14% rate of interest rate. which become Rs. 7099.00 per month.

Verified Support

Aug 24, 2018

Bajaj Finserv Customer Care's response lkoboysunny, Greetings from Bajaj Finserv! Thank you for writing to us, we request you to kindly contact [protected]@bajajfinserv.in with your registered e-mail id. Thank You.