IMPORTANT! Do not give money to anyone in advance for loan processing, advises Bajaj Finance

IMPORTANT! Do not give money to anyone in advance for loan processing, advises Bajaj FinanceIMPORTANT! Do not give money to anyone in advance for loan processing, advises Bajaj Finance
IMPORTANT! Do not give money to anyone in advance for loan processing, advises Bajaj Finance

Bajaj Finance Limited, the loan and investment arm of Bajaj Finserv, has advised loan borrowers to avoid paying any advance processing fees.


Bajaj Finance Limited, the loan and investment arm of Bajaj Finserv, has advised borrowers to avoid paying any advance processing fees. Has told customers that company representatives never ask for advance processing fee at the time of loan offer. Bajaj Finance has advised that those who need a loan should approach the nearest branch of the company. Interested people should visit the official website of the lender.

The company has launched a radio campaign ‘be careful’ to make people more aware about this. Be Safe’ has started. Through this campaign, the company is warning its customers to be alert and safe against financial frauds. This information has been given in a press release issued by the company.

Bajaj Finance Limited has prepared this campaign keeping in mind the real incidents related to fraud. The campaign covers matters related to advance loan fees, phone calls related to loan scams, online frauds, SMS frauds, etc. The company has issued an e-mail in this regard. In this email, the company has advised customers not to give any reply to unknown callers seeking advance loan processing fees. Also, this thing should be verified from the official website of the company.

Bajaj Finance has also given some tips for people to stay safe from cyber fraud:

  1. Always be careful while talking to those who offer instant loans by calling from an unknown number.

  2. If someone is talking about giving you an attractive deal or cashback. Also, if you are talking about increasing the validity or credit limit of the EMI card, then do not transfer any kind of cash to it.

  3. Do not share mobile number, OTP, PAN number, Aadhar card number through any call or social media page or internet or email id.

  4. Always verify any loan offer associated with the company on www.bajajfinserv.in.

  5. Never give money to anyone for job placement offer in Bajaj Finance Limited.

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Article first Appeared on Informalnewz

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