Feb 26, 2017 12:56 PM
5728 Views
Last Year by Girlfriend was offered a personal loan from bajaj since she use to have Bajaj EMI card. The loan was approved very quickly and was also disbursed in a stipulated time. The loan was for 99, 000/-
Now the interest rate was very high which is around 42% PA. She started paying the EMI which was 4655/- per month.
Now if u calculate 4655* 36= 1, 67, 580/- and after completing a year the outstanding loan is 81, 000 so she was shocked to know that since she has paid 12 EMI but the balance as not gone down as expected.
She contacted the customer service and was been told that they first deduct the interest for all 3 year and then they start deducting the principle isn't it GREAT!
So guys please be careful before taking loan from Bajaj Finserv!
