Address: | Mumbai City, Maharashtra, 400062 |
Dear Sir/Mam,
I am Salman Raju Naidu from Mumbai. I am having personal loan from your bajaj finance about 2.75 lac. I took this loan in Oct 2015.When i applied for this loan they offer me nil (0) foreclosure charges benefit and charged me 14.5% rate of interest and 2 % processing fees. However at the same time i was getting offer of 12% interest and 0%processing fees from another bank. But the bajaj finance's executive convinced me and committed me for the nil foreclosure charges benefit. They told me that due to nil foreclosure charges benefit bajaj finance charges are high as compare to another bank. So due to only this benefit i accepted their loan.
But if i am going to foreclose this loan Tahy are telling me Bajaj have changed the policy terms which is effective from 1 June 2016 so now you have to pay 4.60% foreclosure charges on outstanding loan amount.
I am requesting if Bajaj do not remove this charges i will not pay any emi but Bajaj are denying my request and threated me if you will not pay this will impact your cibil score and will not close my loan without charges.
Regards
Raju Naidu
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