Bajaj Finserv — Bajaj finance changing of foreclosure policy without prior intimation.

Address:	400705
Website:	www.bajajfinserv.in/finance/visit-us.aspx

Never take loan from bajaj finance they change their policy at anytime... I felt cheated when bajaj finserv introduce the foreclosure charges... When i took the loan they said there is no foreclouse charges and now they have levied the 4.6% foreclosure charges even on the existing loan. This is something i never heard from other banking service. How can they put the foreclosure charges on the existing loan when at time of loan they mentioned there will be no foreclosing charges.

Be safe to not take loan from bajaj finanace, think now they have added 4.6% without intimating may be tomorrow they will increase again to 20%, 50% or may be 100% god knows. It is a clear cheating case... We should not allow this to happen.

Any customer at time of loan take his decision based upon the roi or the foreclosure charges bank is offering. When i took loan they told be nil foreclosure charges, even when they send me the policy confirmation letter. It was mentioned there will be no foreclosure charges on which they got approval from me. This is very very very bad... Financing company. Also they have cheated me on the insurance taken on the policy. Their representative told me bajaj finance will be taking the accident coverage policy against me so in case something happens to me my family will get the amount after deducting the loan amount. They told me policy will be taken from hdfc bank but and it would be till my policy term i. E. 5 years. Later i found policy is been taken from bajaj insurance and that too for one year. It cleary shows their intention against making the employee get insurance not for the loan amount just to sell their accidental cover policy. What will they do now if something happens to me after one year... Is that they will not recover anything from my family???

Never ever take loan from bajaj finance and fall under their honey trap... Clearly all the guys are cheaters here...