bajaj asking for extra 2 year loan payment

Name of Complainant atul bhosle
Date of ComplaintMarch 31, 2022
Name(s) of companies complained against
Category of complaint Banking
Permanent link of complaint Right click to copy link
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Text of Complaint by atul bhosle:

As I have taken a loan of 1, 25, 000rs (Loan account no: 402PSTEJ048446 ) on date 08-05-2019 since the day I am paying my EMI 5584 and with all dues and extra charges
as the agent when he came to offer the loan he said it’s for 3 year loan tenure and now its showing 6years

As since the loan disburses date I am paying my EMI regular excluding pandemic time that also I have paid all the dues

Till date i have paid around 1, 90, 000rs as this amount is more then the loan given and i am still paying can i know the reason and also this is not legal that rate of intrest was 20% which was reducing now its 34%

This is not legal as i am paying so this does not mean i will keep on paying this going illegal

bajaj executive says I have taken monotorum of 5 month so they have increased the tenure for more 2 year what? does this sound with any logic
and also the executive said ihave to pay for more 2 year with the same emi 5584rs what is bajaj up to ???

Image Uploaded by atul bhosle:

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