Bajaj Finserv — rate of interest with 20.27 %

Address:

Sirsa, Haryana, 125055

I am kuldeep singh from sirsa (haryana). I have a complaint regarding the rate of interest. The loan is registered on my father, sh. Manjeet singh, with this mob.no. [protected] and EMI card no. [protected]. Person (Narender singh, [protected]) came in our house for our loan he didnt tell us about the interest will be charge 20.27%. He came in hasty and fill the form and said 160000 rs. Loan has been passed by bajaj finance and next day transfer the money in our account, then i check that in our account we recieved 112000 rs.and 12500 rs. Charged for the documentations. we didnt apply for the loan. He did fraud with my parents. That time i was not present at my house, i was in bangkok (thailand). My father and mother they are uneducated, they don't know about the interest, how much they are going to pay to the bajaj finance. For 9 months, they paid 5584 rs. Per month. Today 2/10/2018, I check the further loan details, I saw that the loan passed 125000 and interest on that 76000 (something) with the 20.27% of interest. I have to pay 201000 rs, I was stunned & shocked when I saw the interest. Sir you can check that I took 3 loan before this active loan, how much interest we paid. We paid 1% and 0% interest on the other 3 closed loan.Sir, I have request in front of you that we can not able to pay this loan with the 20.27% interest. Kindly reduce the interest on our loan.
Thank you