[Resolved] Bajaj Finserv — Foreclosure charges on personal loan

krtrajarajan

from Bengaluru, Karnataka

Address:

560043

Ajaj finserv have offered salaried personal loan with the below benefits:

*nil foreclosure charges*
Any time, post clearance of your first emi
*part prepayment (Term loan)*
*post clearance of the 1st emi, the customer is allowed to pay up to 6 times in a calendar year (Minimum amount per part payment is = emi x 3 and no limit on the maximum amount per prepay transaction)*

When i decided to close the loan now and they are charging 4.64% preclosure charge.

This is kind of cheating. Be aware before taking any loans with bajaj. Better to go with banks.

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Jul 18, 2017

Complaint marked as Resolved

Bajaj Finserv customer support has been notified about the posted complaint.

Jun 07, 2017

Updated by krtrajarajan Loan account 404SAL19911096

Verified Support

Jun 08, 2017

Bajaj Finserv Customer Care's response Hi, Greetings from Bajaj Finserv! Basis the prevailing market conditions and internal policies of the company, foreclosure charges are levied to the customers and as per the above terms and conditions including the prepayment/foreclosure charges we are unable to waive off the charges. For any other queries, please do write us on [protected]@bajajfinserv.in.