[Resolved]  Bajaj Finance — Foreclosure charges

Address:

Ahmedabad, Gujarat, 380060

Hi There,

I have been your customer since 2 years almost with various products of yours. This is regarding the foreclosure charges. You have mentioned that "Nil foreclosure charges post clearance of first EMI" in below web page of your website. What does that mean?

https://www.bajajfinserv.in/finance/faq-queries.aspx

I have CROSS SELL PERSONAL LOAN from your company. Now, my current outstanding is Rs 2, 01, 742. I have attached Experia account image which says all details of my loan. Now, I want to close my loan by paying the outstanding. So how much will I need to pay for that?

Your representative told me that there are no foreclosure charges when I took the loan. And looking at that benefit, I took this loan in the year 2015. I know that the foreclosure charges are being applied from 1st July 2016.

So considering all these points, how much will I need to pay to foreclose my loan? My Experia account says I have to pay Rs. 2, 12, 243.27 of amount. How?

Looking for your kind response.

Many thanks