Bajaj Finance Complaints & Reviews

I bought one Lenovo laptop model ( 7761) 4CB thru Lenovo dealer Matrix Cyber Zone. They produced bill ( bill no 177 dt. 6.10.2007 )to me and price is Rs.27697.00 against which I have paid Rs. 6000.00 as down payment. So as I understand finance amount should be 21697.00 and against which I have to pay interest and on equal EMI .They have taken signed papers for finance and said the amount will be filled up depending on the down payment and interest.
Though requested several times this dealer do not produced any documents about the actual finance amount and only recently I got a letter from Bajaj Finance saying the finance amount is Rs. 38500.00. So my cost to the computer will be Rs.38500 + 6000 = Rs.43500.00.
Is it possible where the cost of product is Rs.27697.00 and balance Rs.15803 is the interest for two years?
Though I requested Bajaj Finance officer to explain me the details but they are not responding .

Please help me how and to whom I should contact for my help?

dear sir,
i had taken loan form your concern for purchasing my bike(bajaj-pulsar 150cc). i have been paying the due for the past 20 months (appx). i don have any records for the above, so i need a complete invoice of my loan details. i want to know about the remaining emi's that i have yet to pay. so, kindly provide me with the invoice at the earliest.



ph:[protected]

I have never applied for a any loan from Bajaj finance and i am suprised to get SMS from Bajajfin informing that a loan EMI of Rs.941/- will be presented in my bank and asking me to make necessary arrangement for the same.

This is ridiculous...

I have taken a two wheeler bike loan from Bajaj Finance during March 2007. At the time of taking the loan, I have given three blank cheques for the purpose of security against the loan. My bike insurance got expired on 2nd March 2008. Thus, I have taken Bajaj Allianz two wheeler insurance on 17th March 2008. But by my utter surprise, Bajaj Finance used the blank cheque for the purpose of renewing the Insurance on 23rd March 2008 i.e. 23 days after expiration of my insurance, and the same has not been communicated to me before depositing the cheque. When I contracted the Bajaj Finance, they told that they have renewed it as per the loan approval rule. Also they misbehaved me over the phone and personally. Bajaj Finance also provides me the Bajaj Allianz Insurance only.

Currently I am having two Bajaj Allianz two wheeler Insurances for the same bike. The details about the insurances are below:

1. Insurance made by me: (applied for cancellation)

Policy No – OG[protected]
Effective Date – 17th March 2008

2. Insurance made by Bajaj Finance:

Policy No – G[protected]
Effective Date: 1st March 2008

Please note that both the above insurances are from Bajaj Allianz General Insurance only. My bike registration number is HR26AJ9342.

For last three months, I tried my best to cancel one of the policies. But, unable to cancel the same. As per the rule, the policy made by me should be cancelled, as its having a later date. i travelled to so many offices of Bajaj Allianz. But, unable to get any positive response.

Hope you will try your best to resolve this issue as soon as possible. Looking forward for an affirmative reply.

Thanks and Regards,

Rajeev Kumar Hota
15, Jawahar Apts
Plot No – GH54
Sector – 56
Gurgaon

Mobile - [protected]

hi
i have applied for a lone of 10600 which the bank financed me. i have given 8 pdc cheques.
sicne the clearance date of the cheque was 15th of every month the bank didnt put the january cheque on the due date and on feburay they have put Jan and Feb cheque together which resulted in bouncing of one cheque.
i got call from collection person and i advised him to collect the payement but they didint turn up until aug.
now as if i have made the bounced cheque payment but there is a penelty amount which is reflecet and my name still in Civil list.
i called up and spoken to Mr Rahul Sharma lot of time but now he is not picking up my call and my case is still lying pending
Due to this my lone request to lot of bank has been rejected and i am facing lot of problem.
kindly assist. my mobile number is [protected]

Sir,

As i have taken the loan againt my Acer Laptop from Bajaj Finance and I have already full fill my loan to Bajaj But still i didn't recieved my NOC of my loan.

I have a pre approved personal loan with bajaj finance as per my previous track record, they said you need to submit some documents and in 4 to 5 workings days you will receive the DD. it has been 12 days since i have given the documents there is no clue from pune their customer catre.
whenever i call the customer care they say they wil call back but they have never done that.
even at the local branch level they have no clue they have been telling that today you will receive your Chq, but i have not recieved anything yet.
Kindly help me out to whom should i talk and get the things done.

Dear Sim/madam
With due respect.I am madhav gupta.I Purchase a Hendycame on Finance by you(on a/c of Mr.Surendra Kumar Gupta).loan has bean cleared on time no cheque was bounsed.but I don't received my orignal bill & nodues certificate till now.please send me orignal bill & nodues certificate as soon as posibal

Thanks
MADHAV GUPTA
[protected]

TO WHOM IT MAY CONCERN
This is my second reminder that i'm facing problem in gear shift of my new bike (Discover DTSI 135cc) which is only 1 month old. I have already visit your Rajiv raj automobiles at bhajanpura six times for same problem but nobody is responsible enough rectify my concern infact MR. Jaichand supervisor & Mr.Tejpal manager of your outlet says that "this problem is common in every DIscover bikes". Now the problem has increased in recent past.
I would resquest you to please look into matter ASAP.


The CR number of my previous mail/complaint is 2459

I had taken a Washing Machine and a Refridgerator on finance from Bajaj Finance, Since May I had cleared all my dues and outstanding to the company, Mr Ashok of Vapi Sales office has receiving my dues from my residence and assured on the letterhead of the company that the documents should reach with in 2 weeks. As I had given post dated cheques for all the installments to the company afterforth I had deposit the cash against my outstanding dues, neither the company is returning my cheques nor the clearence certificate, My refriderator and Washing machine are required repairing but due to not having the Original documents I am unable to get it repaired with in the Warranty Period.

Mr. Ashok is refering to contact at your Navsari Office otherwise he is helpless.Shall I go to the cosumer Protection Forum?

Thanks
Pranaya Kumar Acharya
Silvassa
[protected]

Respencted Sir,
Mera name Prashant Parmar hai, mere sister ne bajaj fianance mense loan liya tha, humne sari lond monthly cheque se paid kardi. lekin pichle ke 6 month se hame paresan kiya jaa raha hai ki aapka 1 cheque bounce hunva hai, jub ki sabhi paid ho chuka hi,
jo cheque no ye log bol raha hai 358301 ka payemnt[protected], 358302 ka payment on[protected] ye dono paid hochuke hai.
hum ne ye bank passbook ki xerox copy usko copy 3 dar di hai aur 4th time manga raha hai, so please help me what to do?, aur bol rahe he aapko deneme kyaa problem hai, aap nahi doge to aapke ghar bar bar hamare log ayege.
Agar hamara cheque bounce huva hai to uska sahi cheque no. kyun nahi de raha hai, aur bank me hamare a/c me bhi bhi paisa hai to vo, bank mese paise kyun nahi nikal lete. Pass book me aisi koi bhi entry nahi hai jisse pata chale ki hamara cheque bounce huva hai. Agar sahi me hamar cheque bounce huva hai to sahi cheque no. de to aaj ki date me bhi hum payment karne ko ready hai, par ye aisa bhi kuch nahi batate.

Regards,
Prashant
(gujarat)

Every month, I receive atleast 3 calls from the recovery agents from Bajaj Finance Limited. Somebody had purchased a Bajaj Pulsar or Calibar and has disappeared.

He has given false phone number (ie. [protected], unfortunately belonging to me) and no address. These recovery guys have been harrassing me for the EMIs whereas I dont have to do anything with them. Despite repeated explanations, they do get into senseless arguments that why should they call me if they did not have that number in their records. If I ask them to give the phone to their manager, they just disconnect the phone line. They tell me that I would be related to this person. Clearly the name of that person who has taken the loan, belongs to Muslim community, and I dont have to do anything with him.

Bajaj finance has to be more responsible while providing loans for their bikes. Clearly, they have not followed the policy of collecting proper documentation before sanctioning the loan and now their recovery agents are trying to act smart. I cant even mention about the loan details here because I am not aware of anything.

Dear Sir,

Ple note my following complaints:
1) Bajaj Finance Gives advertisement in all leading dailies and also in television that they finance two wheeler (XCD 125) with a down payment of Rs. 9, 999/-. Now when I went to the Frontier Bajaj Showroom, Jabalpur, to purchase a two wheeler (XCD - 125) through Bajaj Finance then they said that I need to pay them Rs. 12, 364/(which includes processing charges and all) and at the same time they said that it would take 4 hrs to deliver the vehicle and may extend upto a day). When asked the reason why it is so then they said that verifications are required to be done. I agreed.

One person came for veifications and made a comment that I've changed my rented house, which is just opposite to my old rented house, so stability is becoming a problem. I showed him old postpaid telephone bill in which there was a proof of my old address and told him that he can also enquire in my company where I'm working and given him the number oflate. I've been residing in Jabalpur since May'06. Everything was completed. I once again called up to Bajaj finance in the evening to understand the status and when can i lift the two wheeler. They could not answer and after 4-5 calls they told me that they got approval from their Bhopal office for me but I need to pay Rs. 15, 500/ - as a Down payment. When I asked the reason they said since I've cahnged my rented house address so they are not convinced abt my stability so I need to pay the above mentioned amount. The whole day was wasted. I tried to understand why it is so they could not come up with any answers. If I pay Rs. 15, 500/- will my stability of staying at my present residence would be increased or what?

My question is why they give such advertisement to misguide and fool people if they can not stick to their comments, what they show in their advertisement. Pls help...

I had purchased a Bajaj Discover Dtsi 125cc bike on 6/3/06 from the dealer KVR Motors, Thalassery. Immediately after the end of the warranty of 2 years, on April of 2008, the silencer of the bike started to make sounds from inside. The technicians told me that it was because of some welding problem inside the silencer and it couldnot be repaired. I waited nearly 5 months to get the new silencer fixed on 27/8/08. I have paid Rs.3177/- (three thousand one hundred and seventyseven only) for the new silencer.
It is a pity that a costly part like silencer fails in 2 years time. The bike ran only 16300 km. All the services were done as per your instructions. It is very clear that the silencer failed because of the quality of workmanship. You may have reasons to reject the warranty claim because the warranty period was over. But for an average customer like me, changing a part which costs Rs.3177/- after only 24 months is unbearable especially when the fault was not because of me. That is why I have decided to inform you about my feelings. Also I have decided that my next bike will not be a Bajaj.

dear all,
i hade financed a hcl computer from bajaj finance.The payment of installments had completed on Feb 2008 without any cheque bounce.But when i asked for my clearence invoice, they say that papers are displaced and they have to search for it.Some Mr Padhee even says that 'dont disturb me further'.

I am from Sambalpur, Orissa.
my cellno is [protected]
i am thinking of going to the consumer...

Hi,
Would really appreciate to look into the matter as to why the finance of a Samsung Digital Camera supposed to be purchased from 'Symphony' in collaboration with Wipro Ltd., was rejected. After talking to the concerned representative from Bajaj Financing, 'Pradip' (contact number: [protected]), who was not only rude to me, but also told me that the transaction is declined due to discrepency with my Vodafone post paid bill. He went further to say that I am a defaulter and did not pay my Vodafone bills, Pradip as well mentioned that the website and 'cd-rom' discrepencies from Vodafone rejected my finance. (I dont have the faintest idea of what he had meant by that).
Immediately afterwards, I called Vodafone Customer service who clearly told me that no such outstanding amount is due from my side. 'Moushali' from vodafone confirmed the same and instructed me to write a mail.
Since, my vodafone number is very much active and any kind of discrepency of my number is ruled out by vodafone customer care representative, how can the finance be rejected?
On what grounds can a step like this be taken without any valid proof?
This is not only a matter of a purhase of a digital camera, this as well equally rebukes my intergrity and is a contempt to my self respect. I would really appreciate, you to look into the matter and let me know about what exactly is going on.
Why is it that I am harrassed for no fault from my end?
Would request your immediate intervention.
Regards,
Souvik.

i purchased the vehicle on 1st of jan i am not happy with the free service, on my first service it is quite ok, in my second service the gear shifting problem was same like before, i lost the petrol while it was given to service, in the third service i told the same problem, but it remains the same, no proper response, i need some response from u, i will suggest to my all friends not to go for bajaj if it continues,

I am J Satheesh. I took LG Computer loan Bajaj finance company. My proposal no 210351. My reg no 711nlsh00142. I thought the due date is 7th of every month.That was informed by store person and i did not receive any details from Bajaj. I credited my August month Emi(2nd installment) at 5th August afternoon. But the amount was cleared 5-Aug-2008 Morning. So my check was bounced. Immediately i paid the amount in your office directlyat 11-Aug-2008. Receipt no 49250. Becuase i want proper repayment track. Now you once again debited the emi amount from my account(Ac no [protected] Bank Standard chartered bank)You have received two times for August month emi. Please reverse the amount to my account. Please revert me back if any issues With regards Satheesh Jagannathan

i have took loan on the basis of mine 12th based board marksheet, they took 4m me 1200rs as per registration fee and told that a team of our company along with a advocate will come to you 4 its original verification, but didnt called me yet we i called them, again when we called them then one of its member told to submit rs 92500 as 1% of 9 lakh 90 thousand, when we opposed to it as we were not informed before then they told its ur wish, as per i was in need of the loan i sumbitted it to in their bank when they provided their sanction letter to me then they again demanded 4 rs 12000 but we refused strongly to it then after that they switched off their mobiles, fax ph and also their landline.so sir i request you to pay ur attention towards this as its address given was bajaj finance ltd., office no:204, Rajendra tower, janakpuri, newdelhi.
sir i will be really obliged to u 4 this if you pay attention towards it as we have been badly harrazed by it.

Hiii alll
this is rakesh. I had applied for a personal loan from Bajaj Finance Limited by seeing an ad on newspaper. As i contacted them they 1st asked me for Rs 2250 as their verification charge. And told me tht after the verification they ll take around Rs 20000 towards processing charges. But after payment of these two charges they asked for more money towards other charges. already i have paid around Rs 60000 hoping tht i will get the loan. But now those guys have disapppeared and not receiving my call. They are luring people by quoting very attractive rate of interest around 4% p.a. They are mentioning that their office is in delhi, connaught place. Normally they are using tataindicom phones. So any one comes accross such deal be extremely careful. These are jus fraud people. Dont get carried away by their words. CROSS CHECK EVERYTHING PROPERLY. I f any one has dealt with any of such people earlier plz let me know. contact me at [protected]@gmail.com. thank you.