[Resolved]  Bajaj Finance Ltd — Sanctioned Loan amount not yet disbursed

Address:Chennai, Tamil Nadu

Hi,
I applied for personal loan with Bajaj Finance on Dec 5, 2012 and submitted all the documents on Dec 6, 2012. The loan request was logged in on the same day. After the verification process, the loan was approved & sanctioned on Dec 8, 2012. I received an email & SMS confirmation about the approval & sanction. After that no representative from Bajaj finance contacted me for further processing. I handed over the cheques & signed the agreement on Dec 12, 2012 to a representative of Bajaj Finance. After that I wasn't contacted by anyone about the loan amount disbursal and nothing has been discussed about the loan terms & conditions. I called one of the representative named Prathap J (j.[protected]@bajajfinance.com) who was processing my loan. He said that they are processing it and will get the amount in a day or 2. It has been more than a week and still the amount has not been provided to me. Can someone from Bajaj finance take any steps about this.

Why is Bajaj Finance having such cheap process & cheap people. I am feed up of this and I am wondering that I shouldn't have applied with Bajaj Finance. Based on my personal experience, I suggest people not to apply for loans with Bajaj Finance.
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Aug 13, 2020
Complaint marked as Resolved 
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My Contact number is[protected]. Requesting Bajaj people to contact me on this number.
Dear Customer,

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 with us?

With regards,

weCare
Bajaj Finserv Lending
Dear Customer,

As discussed over the call, with reference to your new loan application status, we would like to request you to please allow us 3-4 days to resolve your query.

With Regards,

weCare,
Bajaj Finserv Lending
Hi,
My loan application number is [protected]. Apart from the resolution team call, I haven't received any other calls till now to discuss on the loan details like EMI, interest rate charged, terms, etc.

Not sure what is happening with Bajaj Finance. The only thing I understood is that they don't care about the customers. They expect the customers to run behind them.The worst finance institution I have ever come across. Unless until someone takes it to the Court & Law, they are not going to change.
Even I have applied for a personal loan with them and I was told that loan has been sanctioned and I signed all documents however now it has been more than a week, still loan amount not credited and I do not know status of my application
Hi,
I applied for personal loan with Bajaj Finance on MAR, 2016 and submitted all the documents on MAR 14, 2016. The loan request was logged in on the same day. After the verification process, the loan was approved & sanctioned on MAR 16, 2016. I received an email & SMS confirmation about the approval & sanction. After that no representative from Bajaj finance contacted me for further processing. I handed over the cheques & signed the agreement on MAR 17, 2016 to a representative (Mr.Vishal of Bajaj Finance). I called vishal he gave two representative named ( Namvar & Vinod) who was processing my loan. He said that they are processing it and will get the amount in a day or 2. It has been more than a week and still the amount has not been provided to me. Can someone from Bajaj finance take any steps about this.

Why is Bajaj Finance having such cheap process & cheap people. I am feed up of this and I am wondering that I shouldn't have applied with Bajaj Finance. Based on my personal experience, I suggest people not to apply for loans with Bajaj Finance.

manual block of EMI card

Please open the EMI Card blocked for a while, Card no.-[protected], Name-Dipankar Majumder, D.O.B-23/10/1973
have applied the loan request March 6, 2017 and i got the loan apporval mail after 10 days only, But after that i am waiting for more than two days to getting the amount but still it is not disbursal. I am calling every day more than thirse. They are keep on telling their problems. however, They are telling the system problem in past twodays.  How you people can say this kind of chilly reasons? without working systems what you people are doing? 

You are running the banks for customers.  The bajaj finiance is never worry about the customers. I handed over the cheques & signed the agreement one week before itself.This is really very poor services. If you people cannot provide the pesoal loan, tell to the customer's directly. Don't play with them. We are also not stupid to understand the bank processes. 

You people are calling more than twice a day, like do you need personal or not. When we say yes, we have to call and follow you more than five times per day. Very Worst service,
Even it's the same case approval has been done but amount has not been disbursed it's more than a week now.they are saying it's problem with Hdfc which is very ironic to hear
Dear colleagues, I'm a central govt gazetted officer from Nagpur. I have a very bad experience with Bajaj Finserv at present. On 3rd July 2017, I applied for Rs.2 lakh personal loan at its Nagpur branch. The staff took 3 blank cheques, my salary slips and 6 months bank statement, copies of PAN, AADHAAR, Photo etc. They told me within 2 days amount will be credited in my salary account. But they didn't credit so far. On 6 July 2017, I received SMS message with User ID AND Password to login "EXPERIA" customer portal. When I login it, I was surprised. It shows loan Rs. 193032 (after some deductions) was disbursed on[protected] and interest outstanding as Rs.68152. How can it disburse loan even before I applied for loan? I contacted Sales Manager and field executive many times. But they tell me they processed it through RTGS. But I haven't received the amount until 9.37 pm 7/7/2017. Being a govt employee I could have easily got loan from any nationalized bank. Unfortunately I fell victim of the Bajaj Finserv. Now I'm afraid that they might use my blank cheques and salary slips to do financial fraud. If I don't get my loan by 8th July 2017, I will start legal proceedings against Bajaj Finserv management and its Nagpur staff for fraud and harassment. I'm a central govt gazetted officer, and I tell my fellow countrymen never approach Bajaj Finserv for any loan. If you do, you may suffer like me. You may contact me at [protected]@gmail.com or [protected]

I applied for Bajaj SPL on 14th Dec and all approved on 15th Dec i submitted all my documents immediate considering the promise of immediate disbursal but am still waiting for the disbursement and no one care on my requirement now, i think they only collect document and wont revert back

Better dont go with Bajaj finserv for any loan, cheap guys wont serve your purpose.

Very worst :(

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