Bajaj finance/ finserv

[Mightyaadya5702]

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Mightyaadya5702
PARTICIPANT
February 20, 2025 at 5:00 pm

Bajaj finance denied me a loan because I reside in a red zone and it’s non serviceable as per company’s internal policy.

I have credit score of 776 and carried documents like 12 month bank statement and canceled cheque among others.

Instead of personal evaluation, they saw my residence (self owned) and rejected my application.

What steps can be taken if company is assessing me on basis of residence and not personal ability to repay back loan?

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[Silentdude8845]

S

Silentdude8845
PARTICIPANT
February 20, 2025 at 5:09 pm

Be thankful you got rejected by loan sharks, and move on. Apply for a loan from a regulated bank, you’ll be happier down the line. If you’re a salaried employee, apply in the bank your salary gets credited to.

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[Braveseeker242]

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Braveseeker242
PARTICIPANT
February 20, 2025 at 10:56 pm

waw. which area?

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[Rapidbear8085]

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Rapidbear8085
PARTICIPANT
February 21, 2025 at 12:09 am

ADVOCATE HERE. While you can always go to other NBFCs and Banks, if you feel insulted by this refusal, you can always take this before Banking Ombudsman (upon compliance of minimum requirements). Its fast, easy, and most of the times, consumers get favourable decisions. You would require someone draft the complaint for you, but not to represent you. Act accordingly. My best wishes.

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