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Bajaj Finance Ltd - FRAUD

 
5 Reviews
User
  kunal banerjee
LOAN NO.5820PC00000058

I have not purchased anything with the above loan account and the same has been submitted with Kolkata - Bajaj Finance Ltd.,office.

But still irrelevant telephones are coming to me with abusive words.

I wnat to take a strong action against the same.

Kunal Banerjee
9903890331
Complaint comments 4 Comments     Updated:
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Comments

N
User
ullas.bhatia Bajaj Finance Ltd  - North Delhi, Delhi, India
 
I availed a Consumer loan for a laptop from Bajaj - paid all my installments on time - i received an offer for a Pre-approved personal loan. i called up Bajaj and told them that i my address has changed and and i also have a better job now. They said the loan will not be a problem at all and took my documents and 4 cheques.i asked them if you are taking the cheques that means the loan disbursement is definite. they said dont worry at all it is a Pre approved offer and its definite. The verification at my new residence was done and my mother gave all the answers to the verifier as i was in the office. I called up Bajaj the next day and they told me that the loan has been rejected. But very next day the verification was done in my office and the verifier told me everything is fine and will definitely get the loan. i called up bajaj next day and they again told me that the loan has been rejected.

I would like to mention here that my valuable cheques have already been taken by bajaj. and this is not a question of money here. Now i need the loan amount as well as compensation from Bajaj as they dont have any valid reason as i have paid all my previous installments on time and have already given Bajaj the cheques for the pre-approved loan. Please Help.

I have also attached the email correspondence :
N Apr 3, 2011 by
User
Ashish1976 Bajaj Finance Ltd  - North Delhi, Delhi, India
 
In year 2006, I had taken a laptop which was financed by Bajaj Finance company. The Bajaj Finance people from the local branch kept on taking cash payments from me as they told me that my cheques were getting bounced. It was quite confusing as I maintained an amount more than the EMI in the account, EMI was of around Rs 2700. When this continued for 5-6 EMIs as well I inquired my bank & found out that Bajaj Finance was putting up 2 EMI cheques every time. My bank gave me a detailed statement that showed every time Bajaj Finance was putting in 2 cheques for processing and as the amount in account was less than twice of EMI both the cheques got bounced. On that I paid a penalty of Rs 200-250 for each bounced cheque. i.e. 400-500 each month. So I lost around Rs. 3000 or so on penalties due to mistake of Bajaj Finance. When I tried to get in touch with the local office no body picked up the phone. The customer care told me to contact local office. Next time my cheques got bounced the recovery person promptly came to take cash for the EMI. I told him that company's stupidity has caused a loss of 3000 (+500) & I will only pay the principle left (i.e. around 7000) minus the amount I have lost & I will make the remainder of payment when they handover the NOC to me as I did not trust them. So the person got me to talk to his senior on phone & he promised that the NOC will be given but I will have to pay the remainder right now & the NOC will take 10-15 days as it comes from Mumbai. I agreed to that & made the remaining payment. After that months passed & no NOC came. I called up the office but the number was disconnected. i went to the office address & found that the office have been closed. Called up customer care & they told me that I have to get in touch with nearest office (that was in Delhi). I gave up as there was nothing left to do. But last year (2010) I got a call from some person to make a payment of Rs 7000 (which he says is the outstanding) to Bajaj Finance. I told him everything but he said that the Meerut office was closed in 2006 & nothing can be traced to validate the same. When I told him that I still have the receipts & my bank statement which shows the mistake of Bajaj Finance he threatened me that money will be recovered. When I told him that I will take legal action against the company & will go to the police to file complaint against harassment he disconnected the phone & never called back. But recently I came to know from a credit card company that my credit rating has some negative value due to this loan. This is plain harassment on part of such banks & financial institutions. How can some agency give negative rating to a person on account of any bank's statement? They should consult the customer as well & know his side of the story. Ganging up on a customer is the cheap tactics followed by these institutions. Shame on them.
A Apr 29, 2011 by
User
dave_basu Bajaj Finance Ltd  - North Delhi, Delhi, India
 
I am also a victim of fraud by Bajaj Finance.I was also promised of a pre-approved loan of Rs 90, 000 and all my documents have been collected along with ECS mandate and 4 cheques from IDBI bank.I would like to mention here that my valuable cheques have already been taken by bajaj. and this is not a question of money here. Now i need the loan amount as well as compensation from Bajaj as they dont have any valid reason as i have paid all my previous installments on time and have already given Bajaj the cheques for the pre-approved loan.
Regards,
Dave
N Apr 19, 2012 by
User
ramesh1988 Bajaj Finance Ltd  - North Delhi, Delhi, India
 
hi,
about three days ago i was looking for a personal loan so i came in contact with a private company. the company people told me yes they can arrange a loan for me of 15 lacs but u have to pay 4500 rs processing fee so i sent then my document and processing fee yesterday they told me that i have to the tax of 35000 thousands rs to relase this loan so after talking for several times i paid that money also but now they are asking me another 60000 rs for insurance and i have to pay in 3 days please can someone help me what should i have to do now

thanks

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