I applied for personal loan with Bajaj Finance on Dec 5, 2012 and submitted all the documents on Dec 6, 2012. The loan request was logged in on the same day. After the verification process, the loan was approved & sanctioned on Dec 8, 2012. I received an email & SMS confirmation about the approval & sanction. After that no representative from Bajaj finance contacted me for further processing. I handed over the cheques & signed the agreement on Dec 12, 2012 to a representative of Bajaj Finance. After that I wasn't contacted by anyone about the loan amount disbursal and nothing has been discussed about the loan terms & conditions. I called one of the representative named Prathap J (firstname.lastname@example.org) who was processing my loan. He said that they are processing it and will get the amount in a day or 2. It has been more than a week and still the amount has not been provided to me. Can someone from Bajaj finance take any steps about this.
Why is Bajaj Finance having such cheap process & cheap people. I am feed up of this and I am wondering that I shouldn't have applied with Bajaj Finance. Based on my personal experience, I suggest people not to apply for loans with Bajaj Finance.