Foreclosure Charges Bajaj Finance Personal LoanReport
Please briefly explain why you feel this question should be reported .
Loan of 700000/- rs from Bajaj Fianance. My Loan account number is 404SPL06555502. The only reason I have taken a personal loan from Bajaj Fin Service is because of the available flexible part payment options, and 0% foreclosing charges after the first EMI. They clearly mentioned this as part of my agreement mail.Iam planning to close the loan and contacted the customer case regarding the foreclosure statement. I was surprised by hearing that I need to pay a foreclosure charges of 4.6%(i.e extra Rs 25000/-) applicable on the balance amount. And they told this kind of policy came into effect from 1st June 2016. I was not given any prior notification neither through my registered email nor through SMS.
Please solve this complaint..