Bajaj Finserv — Imposing compound interest for personal loan.

As per suprime court order, compound interest which is intrest for intrest should be waived off. All the financial institutions waved off except Bajaj finserv. I took personal loan of 2lack for 60month emi. I opt 4months moratorium after moratorium period my tenure changed to 75months. I asked to bajaj they said due to moratorium my 4months principal and interest was added to total pricipal so over all intrest increased. Because of this for 4 months moratorium i need to pay extra 11months emi. For 24000rs emi amount i need to pay extra 1lack. As per supreme court order this is crime.

https://www.mondaq.com/india/financial-services/1060712/supreme-court-waives-off...⇄