Bajaj Finserv — Revised foreclosure charges for existing customers without prior intimation.

Address:

Bangalore, Karnataka, 560001

Hi, I'm Ganesh Guturi and have taken personal loan 5L from Bajaj Fin Serv company in March 2016. The loan type is FLEXI LOAN and it has feature as Nil Foreclosure charges (0%) any time after clearance of your first EMI. Because of this reason only I have taken loan from Bajaj with higher interest rate.

However, today I wanted to close the loan and I went to nearest branch and there in Foreclosure Letter they mentioned as that foreclosure charges is 4%. When I visited nearest branch they are not at all caring about customers and simply saying that "Company has changed the policy" and given mail ids to send mails to them. This is completely cheating customers. We should fight for this else tomorrow then can revise interest rates as well.

Whoever taking loans from Bajaj... please do not take. It is not trusted one.