Bajaj Finserv — Foreclosure charges for salaried loan

Address:	560058
Website:	www.bajajfinservlending.in

Loan account no: 404sal1406518

Loan tenure: 60 emi’s

Emi completed: 17 emi’s

When i availed salaried loan from bajaj finance in the month of august 2015, executive told me 3 benefits,

1) nil foreclosure charges

2) part payment facility

3) prompt repayment benefit

Today i foreclosed the loan amount but i was shocked there was a 4% foreclosure amount which came around 22080. I am really disappointed with this, when i enquired with bajaj finance, they told policy has been changed; let them change policy for future customers not for the old customers, it’s a burden for customers,.

There is one more component added called interest of termination, which really i am not aware, why i have to pay this amount, i dont rememeber this component was mentioned in agreement or not.

This is indirect way of looting customers from bajaj finanace, it sucks the blood of customers, they don’t’ have even courtesy. I am really disappointed,.

To attract customers they will give benefits then after 6 months, they will change the policy to make burden for customers, we are big fools to avail loan from them.

Below you can see the breakup,

1) interest for the month: 3455.16 (Valid)

2) 4% closure: 220180 (Invalid)

3) int of termination rs 214.7 per day: 3435.16 (Invalid)

Hence i am requesting via this website to recover forclosure amount of 22080+3435.16= 25515.16 from bajaj finance for the, i am not billionaire, i am a normal person dependent on salary., they are looting customers by putting lot of hidden charges. These are my hard earned money.

Regards
Praveen