Bajaj Finserv — reg loan

Address:

No 12, Anjeneyar koil street, Govindapuram, Pattalam Chennai - 600 012, Chennai, Tamil Nadu, 600012

Dear sir, i have got loan on month of april, the executive has come to my house for verification, he said the interest rate is 17.5% and i agreed and he gave the T & C for signature, i have mentioned that is it any complication in T & C he said there won't be any complication you can sign, i signed the same, ( bajaj knows that no body will read the terms and condition in this world ) after the next day i received the loan amount of Rs 2.47 L and at the same time, bajaj site was not working and i wrote so many emails to the concern, but no proper response from there end, and coming to the loan part, i received the welcome letter, the moment i open the welcome letter it was mentioned ROI 17.5% and IRR 29.00% and i call the executive who came to my house and informed the it was mentioned 29% and you said 17.5% he replied me that is IRR it won;t applicable for you and your interest rate is 17.5%, and month gone, the deducted from my account Rs 9424, i asked for the statement bcoz i don't have access to site they have blocked the site, this case i received statement thru mail, i was shocked that they deducted the interest rate about 29% and i wrote to them that by mistake they deducted 29% with the working, after the next day they called me and said that it was flat rate interest is 17.5% and for you it was 29% and replied him the conversation between myself and executive, he said can you sent me the welcome letter, i said okay the moment i open the welcome letter only the letter i can see no number or there, then i realized that i was cheated by bajaj, ( As per there calculation 29% 48 month principle will be less deduction, and interest will be more, ) if it is 17% per the interest will be less and principle deduction will be more, i got Rs 2, 66 lakhs loan for 48 month i suppose to give interest Rs 1.87 Lakhs, and i again i raised the question the can i repay the loan amount they said no bcoz once i repay the loan amount they won't get interest rate, and i again i asked that can pay part payment mean shall i pay Rs 1 lakh, they replied that you can pay but you need to pay 2.46% on one lakh that mean at any cost they need to get back the interest rate. Kindly think about this how they cheating public in name of loan and interest, ( NOTE for PUBLICS, people who else read this kindly don't go for loan from these private sector, better go to the govt banks or else can ask help from the nearest relation, atleast they won't cheat you in case of interest.
TQ gopi,