[Resolved]  Bajaj Finserv — personal loan - abdul javeed b

Address:

560091

There was no prior discussion about the monthly emi amount, processing fee of such a huge amount & difference in rate of interest.

-the amount which was promised to me was 1, 90, 000 after all deduction which in itself is very high.
-interest rate was informed to be 18% (Which is almost 7% greater than current market rate).
-emi amount is still unknown.

I will accept the pre-approved loan only on the terms informed to me.

These are the terms which were informed to me.
-interest rate is 18%.
-processing fee after all deduction including insurance & pre-emi payment deduction (Until 1st or 4thjun’18) should be 10, 000 (Which also is very high compared to current market rate)
-amount that should be credited to me is 1, 90, 000 for the loan amount of 2, 00, 000.

I don’t wish to accept the loan if:
-the rate of interest is more than 18% (I still wish to request for a lesser rate of interest).
-emi don’t start from the month of jul’18 (1st of 4th jul’18 as per your policies)
-if the total deduction is more than 10, 000. (I still wish to debate on the 10, 000 deduction too).

I still would like to question on why i have to take insurance when i have insurance from my company, banks from whom i already have loans from???
& the processing fee of such a huge amount???
& rate of interest of such a huge amount.

I was still planning to request the rate of interst to be matched with or give 1 or 2 % more than the market rate as well as reduction of the rate of interst & suddenly i got a test message with the approval & amount also got credit which is totally not acceptable.

Full name: abdul javeed b
Contact number: [protected].
Email address: abdul. [protected]@hpe.com (Official), abdul. Javeed. [protected]@gmail.com (Personal)
Address: 77/45, 7th cross, maruti nagar, viswaneedam post, andrahalli main road, hegganahalli – 560091 (Land mark: anu clinic)
Loan application no. Sf8014924

Looking forward for a prompt reply