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Bajaj Finance made recovery calls and bounce threats during an RBI Ombudsman review, after 14 EMIs with 52.8% going to interest

Bajaj FinancePC-2026-03243Banking & LoansAnonymous ·
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Bajaj Finance Service Support Bajaj Finserv harassing via automated recovery calls while RBI Ombudsman reviews dispute (Loan Acc: P565PPL38238095) Despite a formal rejection on Service Request SR175024522 and an active complaint pending on the RBI Ombudsman CMS Portal, Bajaj Finance has now deployed continuous automated collection calls and bounce harassment after I revoked my ACH auto-debit mandate. Quick Recap of the Issue: Total Cash Collected Across 14 EMIs: ₹2,06,612 Retained as Interest & Hidden Fees: ₹1,09,136 (52.8% of total payments) Actual Principal Reduction: Only ₹97,476 This entire loan was digitally executed on my phone by their sales executive without disclosing the effective 22% front-loaded interest rate. Now, instead of allowing a fair review under regulatory guidelines, their recovery channels are constantly calling and pressuring for bounce payments. Public Notice to Bajaj Finance Limited: 1. I will NOT pay any further installments or bounce penalties while the matter is under active review by the RBI Ombudsman. 2. If your collection agents continue this telephone harassment or attempt unlawful credit damage during an active regulatory dispute, I will issue a formal Legal Notice via my advocate to Bajaj Finance management and file for damages in Consumer Court. CC: Bajaj Finserv Bajaj Finance Service Support Reserve Bank of India (RBI) #ConsumerProtection #RBIOmbudsman #FairLending #BankingHarassment #FinancialAwareness #ConsumerRights #BajajFinance ​ ​ ​ ​

History

  1. Case filed

    Filer · 3 Nov 2026, 9:09 am

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