[Resolved]  Bajaj Finserv — home loan cancellation charges

Address:	560036
Website:	www.bajajfinserv.in/finance/home-loan/salaried-home-loan-contact-details.aspx

Hi team,

I have applied for home loan balance transfer with bajaj finance and requested them for the interest rates. They have initially told the interest rate is 8.4%. After processing the loan they have told the percentage details with split up and added 0.6 5 processing charges and rs. 90, 000 as insurance charges. My current home loan rate of interest is 9% with lic.

Now, if i look at the interest rate it is crossing 9%. So, i feel like there is no point in taking the loan. But since i have also opted for topup loan, they have finally given at 10% and i have confirmed to process it. But, later i realized that top up loan interest rates are lesser in other banks like ex. Icici - 8.99%. So, i have requested them to cancel the process.

But, bajaj finance team is telling that check is ready and if they need to cancel the loan processing, i need to pay the cancellation charges of 1 % on my requested loan amount. Can you please help me to come out of this situation.