Bajaj Finserv — Cheating customers

Address:

Bangalore, Karnataka

I had taken housing loan and they had told to take insurance for 2 lacs for a loan of 50 lacs.

Due to some reason i need to foreclose the loan within 2 span of 3 months and to my surprise they had deducted 85000 towards surrender value for my insurance. When i visited branch office, the regional sales head told me that it not compulsory to take insurance.The sales executive had cheated me telling that insurance is compulsory and i think even he had made some money in it.

horrible experience with Bajaj and in future, i will not take any loan from Bajaj.