[Resolved] Bajaj Finance Ltd — Personal loan high interest

M

maheshkumarkc

from Bengaluru, Karnataka

Address:

Bangalore, Karnataka

Hi,
I have taken Personal Loan from Bajaj finance.
Amount is 80,000 thousand and paying emi 3922 for 36 months.
When I calculated interest amount, looks like this bank is charging interest more than 45 %. Its more than RBI allowed. When I check the Bajaj finance website i am able to bank has updated interest rate 16 percent.

I am raising serious concern on this. Please help me to resolve this issue.

I am expecting bank need to adjust extra interest amount paid for the principal and also need to change the interest to 16 %.

Thanks,

Mahesh Kumar KC

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Aug 13, 2020

Complaint marked as Resolved

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Comments

Bajaj Finserv Customer Care

from Mumbai, Maharashtra

Dear Mahesh,

At the outset, please accept our apologies for the inconvenience caused.

To help us expedite the process of resolution, could you please share your loan account number and contact details with us?

With regards,

weCare
Bajaj Finserv Lending

Reply

Y

YAMIN PIRTIWALA

from Lucknow, Uttar Pradesh

Hi,
I have taken Personal Loan from Bajaj finance.
Amount is 80, 000 thousand and paying emi 3922 for 36 months.
When I calculated interest amount, looks like this bank is charging interest more than 45 %. Its more than RBI allowed. When I check the Bajaj finance website i am able to bank has updated interest rate 16 percent.

Reply

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