[Resolved]  Bajaj Finserv — Personal loan foreclosure charges

Address:	411058
Website:	www.bajajfinserv.in

Hi,

I was offered Personal Loan from Bajaj Finserv with conditions that no prepayment charges and no foreclosure charges. Regardng the same i got an email from bajaj finserv .I had plan to close my PL and foreclose the loan asap. Hence I chose Bajaj Finserv over another Lending Organization who were offering me loan at lower interest rate.

Now, I would like to do prepayment/foreclose the loan. But when I walk to the nearest bajaj finserv offic ( wakdewadi pune) they told me that i have to give 4% foreclosure charge. The person at the counter mention that policy has changed. I wrote to [protected]@bajajfinserv.in and never got any sensible reply. I only got auto-reply.

This is sheer cheating that I was promised to be allowed to foreclose the loan without any charges. And now they deny it just under the name of policy. If I new this I would have taken loan at lower rate from another organization. And also lower charges for foreclosure and prepayment.

I cannot accept this and need help in resolving this matter.

I will get a written reply from them stating the same, than i will put a written complaint in court against them.