Bajaj Finserv — heavy charges for flexi loan

balamu783

from Tiruchirappalli, Tamil Nadu

Address:

Chennai, Tamil Nadu

Bajaj loans always makes mandatory insurance for an extra amount of 1-2. % of the loan they take. If activated through online then line activation charges and flexible charges and miscellaneous charges, again 1-2 % of your loan amount. Totally 3-5% of processing fees is charges as hidden. I paid 16000 rs for 2 lake loan amount. Please don’t go for bajaj. Go with other banks as normal loan without any hidden charges.

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

Jan 11, 2019

Updated by balamu783 Bajaj loans always makes mandatory insurance for an extra amount of 1-2. % of the loan they take. If activated through online then line activation charges and flexible charges and miscellaneous charges, again 1-2 % of your loan amount. Totally 3-5% of processing fees is charges as hidden. I paid 16000 rs for 2 lake loan amount. Please don’t go for bajaj. Go with other banks as normal loan without any hidden charges.