Bajaj Housing Charging higher ROI

Name of Complainant Amit Arora
Date of ComplaintSeptember 14, 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 Amit Arora:

I have three account no 401TOL60640126, 401FHO79286355 and 401HSO60639745 with Bajaj Housing Finance Ltd. At the time of taking loan my interest rate was 8.35% and now is 9.10% when I query raised via SR81587022 dated Sep 12 2022 to Bajaj to change my ROI at current market rate then Bajaj given reply to me via mail that

We would like to inform that your loan is linked to BHFL FRR. Any change in BHFL FRR is approved by Asset Liability Committee (ALCO) of the company in line with change in Cost of Fund of the company. Since the Cost of Fund’s (COF) for the company remains unchanged, so we would not be able to consider your request for revision of rate. I hope you understand the situation and continue your patronage with Bajaj Housing Finance Limited.

I have registered complaints so many times to NHBC and CPGRAMS, Bajaj posted their reply and i again put complaint against their reply and Bajaj again put same reply, not finding satisfactory answer. My ROI increased by 26%. for information details mail trails are attached.

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Bajaj Housing Charging higher ROI

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