Beware of Bajaj Finance Flexi Personal Loans.
Flexi loan is too good and no doubt about it but you should be aware of hidden charges. There is a Annual maintenance charges applicable which is .25% + tax on Loan amount. They are very clever they will cheat you by mentioning 25BPS in welcome letter and will take your confirmation to process loan.
I picked up a loan with Bajaj Finance and its a dead lock. AMC came to me as surprise and want to cancel the loan in less than 10 days, Post that you raise complaint they will say basis your confimation they released the loan. Post escalating to the top most level also there is no use. They claim I need to pay 4% + tax as foreclosure charges and then to move out. I am surprised entire team are together in Fraud ..
Please note One time charges -4999, Insurance and other charges – 3500, Stamp charges – 200 ++++ Annual Maintenance Charge – 0.295% on Loan amount ( Which will be mentioned in bank terms as 25BPS)…