Bajaj Finance Complaints & Reviews

I was given a pre approved loan of 10 lacs on which i was charged 20 k insurance without my consent, and i was given a loan with no foreclosure charges but i found out that a foreclosure charge of more than 4.5 % will be charged, which i consider as a fraud and i am taking legal actions. I talked to a sales manager who handles my case, he told me that he cant do anything about it and that bajaj compny dis it to me no them and they are helpless. So i just want to cancel my loan.

Hi,
I have availed a loan from Bajaj Finance .Terms and conditions were no part payment and fore closure charges .
Now suddenly they say fore closure charges for everyone .
Wondering how can they change policy for people who had already availed .
As they have promised me these conditions.
Then can change policy for the new customers . I totally agree as they are letting the customers know .
What is point in signing bonds and all .
Later on they might change any term which is not acceptable
-Satish

Dear sir,

I have made foreclosure of my personal loan bearing account no.405spl03917277 and 405spl01566243 on 12.05.2016.In process one installment pf both loans amounting rs.7904/- and rs.5850/- has been get collected by bajaj finance. The executive of bajaj have gave assurance of debiting said excess collected installment with in 8 to 10 days in my hdfc bank account. But now 25 days have pass out after foreclosure of loan account but till the date amount has not got debited in my account. Requested to do the needful at the earliest.

Thanking you,
Regards,
Pramod m tanawade

I am pradeep kumar from bangalore. I took personal loan in bajaj finance on june 2015 for a loan amount of 8L. Now I want to foreclose this loan.

When I went on june 9th 2016 to foreclose this loan they are asking me to pay foreclosure charges which they tell that they revised policies from june 1st. i have accepted to the terms and conditions that are sent to official mail id. In that it was clearly mentioned that there are NIL foreclosure charges. Even in their website they are advertising that "we will not charge for foreclosure and it was big advantage that a customer will get when compared to other banks". They are getting customers showing that it was the big advantage that they will get if you go with bajaj. Even the bajaj finance executives assured us the same. But now if you say that you need to pay it. It directly shows that they are cheating the customers.

I would like to use this consumer complaints forum to escalate the cheating that they doing. Please help me in resolving this issue.

I have taken two personal loans from Bajaj Finserv considering only 'zero' part payment and foreclosure charges even having higher rate of interest than other banks. now suddenly they applied the 4% part payment and foreclosure charges.

this is cheating...In future no one trust on Bajaj Finserv.


I want to close my loans please suggest way forward..

Loan Account Nos.
1) 402SOL01586812
2) 402SAL14319748

I am suffering from last more than two months with there finance on purchasing insurance. I got a call for the same and they said in 20 days you will get the finance but its more than two months now.. Nothing is happening.. They are giving me new dates from last more then two months and the reason for delay is there database is not updated with the required information which i have provided them long time back.. I am very much disappointed and will raise this issue in consumer forum if i am not getting the money by tomorrow as now i got a date of 10-06-16.

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

Hi team,

Today i have received a message regarding updated charges in part pre payment and preclosure charges.
Actually, i have taken two loans with bajaj since i was told that i will not have foreclosure charges.

My loans numner are
Salaried loan
401sal20737880

Salaried loan pl
401spl17342810


Now suddenly, you are telling foreclosure charges...

As per telephone talk had with your representative from tel. No.[protected] of bajaj finance on 30/05/2016, i was told that due to some technical reason, emi for the month of june will not be debited to my a/c. But i have to pay cash for that month. So i have paid cash of rs. 4375/- vide your receipt no. 12989767 dt. 02/06/2016 and the same day emi was also debited to my s/b. A/c. Of bank of maharashtra.

I am very much surprised with this behaviour of bajaj finance ltd. When i am trying to contact with the concerned person today, i was told that their server is down so can't get information right now but they will call me later. But till now, i haven't recd. Any call from them.

Now you are requested to kindly credit the amount of rs. 4375/- to my s/b. A/c. At your earliest and do the needful.

Thanking you,

Yours faithfully,

Manisha moraskar
[protected]
Loan a/c. No. 577dpf19224946

Hi i had paid 349 rs online for bajaj emi card on 06/06/2016 online but not received any loan no so that i can track the status of the card. I had tried the customer care number also but there is no option to get contact with the cce. Its seems that i have been cheated by such a renowned company.
I want to know that if i would be able to get solution for the same.

Hi,

This is vikash kumar and i have taken one od of 10 lakh and have already deposited more than 1 lakh.

Every month ecs was deducting around 12000k this month ecs was wrong deducted more than 24000


Would you please lookinto it and revert wrongly deducted amount.

My loan details are


Loan account number: 401spf14888085
Customer id/ experia user id:11333384
Loan application number [protected]
My registered mobile number - [protected]

Hi

i am narveer from chandigarh i bought iphone last month with emi of bajaj finance my emi amount is 2666 but you deducted two amount one is 1742 and second one is full emi which is 2666.my cosumer durable is 4240CD00807360
please help me out i am trying to call your customer number from yesterday and i mailed also with attachment of my bank statement showing amount deducted please revert back

Regards
Narveer
phone no-[protected]

I had preclosed my personel loan of bajaj finserv

Transaction reference no. Gici[protected] on
Date and time 02/06/2016 18:32:21

Then also instalment is debited to my icici bank account on 06.06.2016.

I had email them when i had received the sms on 03.06.2016 i try to call & speak to customer executive several times but there is no number available to speak directly to the executive & the number which are available to speak there is no executive.

Thanks & regards,
Chandrakant dhondge
+[protected]

Hi,

I am rashmi.
Loan account number 4040cd22531281, an emi of rupees 4500 has to be auto deducted from the standard chartered account on 5th of june 2016 but extra amount of rupees 400 has been deducted. So i request to refund the amount of rupees 400 and not to deduct extra amount anymore from the account.
Please refund as soon as possible.
Also please mention the steps to speak to customer care executive from the ivr.

Please refund my amount as soon as possible

Regards,
Rashmi

Salaried loan pl: 404spl00512563

Actually, i have taken the loan with bajaj since i was told that i will not have foreclosure charges.

Now suddenly, you are telling foreclosure charges of 4% + (Service tax15%) i. E. 4.60% will be applicable on balance principle amount.

This is not ethical.

I would like to raise a compliant on this case. If i am not getting right reply, i will go to consumer court.

You are really going to loose loyal customers if you are doing these kind of fraud practices..

Address my issue immediately.

Remainder and last warning

To,
Anand Kumar,
Business Head-Salaried Loans,
Bajaj Finance.

Sub: suddenly changes term and condition for foreclosure and payment charges without any intimation.

Sir,
your not responding my emails about suddenly changes in Nil prepayment charges and foreclosure charges issues. This big fake process from your side, once i am not ready to continue new loan after your people force me to take new loan and committed are not prepayment charges and foreclosure charges on new loan as per your signed letter ( Nil Prepayment charges ) . After 6 month i am received message on dated 1/06/2016 from bajaj finance change in foreclosure charges also prepayment charges changes on you existing loan.
what wrong with bajaj this is absolutely false process follow by bajaj at the time committed no prepayment charges and foreclosure charges and force to take loan after five months different term and condition please solved this issue and get back to me soon because your representative Mr.Manish Singh absolutely ignore to do the process, IF you do not stop this nonsense I will registered FIR against bajaj authorities and share information with media so that people can aware about your false practices.


Dr.Vrushsen P.Pawar
Existing Personal loan customer
4025SPL16828656

Dear Bajaj Finance team,

Why are you trying to put your image down for your users. Spamming like this for these many customers you might as well be losing a lot of regular customers. So sincere request please stop this nonsense spamming to the users and remove my number from your database or whatever so that I should never ever again receive the call. I am not at all interested in your schemes or any thing else.

So please stop the same immediately, if not than i shall move to consumer court. My mobile no [protected].

Hello sir I'm MUKESH chandwani from Nagpur I have applied for loan in bajaj finesary my loan didn't sanctioned I had given 15000/- cash & .75% amout of processing fee the loan amount was 3840000/- your branch office is not supporting me to refund my issue kindly resolve my issue & refund my amount my contact number is [protected] [protected] mail I'd is [protected]@gmail.com

Dear Team,

I have applied for EMI card online, payment is already done,
but i din't received any reference id, I hv received sms but there is no reference id for track the status of Card.

please note the payment transaction reference no which i have paid for EMI card.
23/05/2016 IB SHP/20954504/FOBC[protected]/BILLDESK 349.00

I have received only the text massage on my mobile no ( [protected]) for EMI card approval, please find the screen shot of received text massages.

Please resolve the matter on priority !

Hirer : mageswari v

Proposal no : 4120cd14349446


Havn't got noc from bajaj finance ltd., as i had duly paid full payment due under hire purchase finance

Agreement no: 4120cd14349446 dated 06/09/2015 and all rights of bajaj finance ltd.

Kindly forward as early as possible.

Thanking you

Hirer : mageswari v

Proposal no : 4120cd14349446

Date: 29/05/2016