Bajaj Finance Limited Cautions Customers Against Fraudsters Offering Mandatory Insurance Policies for Availing Loan
Mumbai Maharashtra India NewsVoir Bajaj Finance Limited the lending and investment arm of Bajaj Finserv cautions its customers and the public at large to stay vigilant against fake loans offered by fraudsters in exchange of an insurance policy purchase Fraudsters are duping the public i by luring them to compulsorily buy life insurance as a pre-condition to avail a loan ii by impersonating to be a representative of Bajaj Finance Ltd and misguiding the public to buy an insurance policy by stating that the premium amount shall be some percent of the loan amount desired by potential borrowers The modus operandi is mostly as under a The insurance policy is used as a bait by the fraudster who ensures that the victim receives all insurance documents from the insurance company b The Fraudster stays in contact with the victim for a long time and cites excuses for the delay in the loan disbursal process c Most insurance policies have a 90 days free look period for insurance policy where the customer can cancel the policy and the premium will be refunded After the said free look period is over the fraudster will stop answering the victim d It is thereafter that the victim realises about the suspicious conduct of fraudster and reaches out to Bajaj Finance Ltd Bajaj Finance Ltd has alerted its customer through its social media handles to not to fall for such traps by fraudsters The post states Loan lenekeliye life insurance policy purchase karnazaroorihai Aur ye jhoothai Always remember that Bajaj Finance Ltd does not require you to make a compulsory purchase of any other products to avail a loan Dont fall into such traps Twitter twittercomBajajFinancestatus1430494743247478784 Bajaj Finance Ltd cautions its customers and the public at large that any person in need of loans should approach its nearest branch or check the companys official website at wwwbajajfinservin and never engage with any unofficialunknown intermediariesunidentified fraudsters Through various channels the Company is driving awareness initiatives against such fraudulent incidents and has mentioned clear directives on the loan availing and sanctioning process Bajaj Finance earlier launched SavdhaanRaheinSafeRahein a public awareness campaign across all its digital and social media platforms to educate people on various financial fraud risks The Company also released an animated infomercial campaign on YouTube called NajiNaji Online Fraud Se Bachein to spread the message around the growing incidences of financial fraud Apart from giving the message to its customers Bajaj Finance Ltd has also shared some safety tips for the publiccustomers to stay protected to name a few Always be careful while speaking with unknown callers offering instant loans Bajaj Finance Ltd does NOT require compulsory purchase of any other product as a condition for availing loan by an eligible customer Hence exercise caution against any such callscommunication Never transfer any money to strangersunknown callers offering lucrative deals and cashback Never share your mobile number EMI card number One Time Password OTP PANAadhaar details Address proof over callssocial media pagesinternete-mails Always verify Bajaj Finance related loan offerssocial media IDswebsite links on wwwbajajfinservin or directly from the nearest branch Never tag fraud accounts on social media for any of your queries Follow only our official pagesaccounts Refrain from downloading any third-party mobile apps or documents from any clickbait links sent on social media pages e-mails or SMS from unknown sources In addition to the cautionary message cautionary-notice-newpdf bajajfinservinon the website Bajaj Finance Ltd keeps alerting the public on social media pages through publishing cautionary information to help them understand the modus operandi of various scams ranging from social media frauds phishing attacks and clickbait fraud to ensure that customers stay alert and protect their money To know more about staying protected from financial frauds click here – wwwbajajfinservininsightsfraud-awareness About Bajaj Finance Limited Bajaj Finance Limited the lending arm of the Bajaj Finserv group is one of the most diversified NBFCs in the Indian market catering to more than 50 million customers across the country Headquartered in Pune the companys product offering includes Consumer Durable Loans Lifestyle Finance Digital Product Finance Personal Loans Loan against Property Small Business Loans Wallet Co-branded Credit Cards Two-wheeler and Three-wheeler Loans Commercial lendingSME Loans Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits Bajaj Finance Limited prides itself on holding the highest credit rating of AAAStable for long term borrowing A1 for the short term borrowing and FAAAStable for FD program It has also been credited for Long term issuer credit rating of BBStable and short-term rating of B by SP Global ratings for ECB To know more please visit wwwbajajfinservin Image Bajaj Finance Cautionary Message PWR PWR
Mumbai Maharashtra India NewsVoir Bajaj Finance Limited the lending and investment arm of Bajaj Finserv cautions its customers and the public at large to stay vigilant against fake loans offered by fraudsters in exchange of an insurance policy purchase Fraudsters are duping the public i by luring them to compulsorily buy life insurance as a pre-condition to avail a loan ii by impersonating to be a representative of Bajaj Finance Ltd and misguiding the public to buy an insurance policy by stating that the premium amount shall be some percent of the loan amount desired by potential borrowers The modus operandi is mostly as under a The insurance policy is used as a bait by the fraudster who ensures that the victim receives all insurance documents from the insurance company b The Fraudster stays in contact with the victim for a long time and cites excuses for the delay in the loan disbursal process c Most insurance policies have a 90 days free look period for insurance policy where the customer can cancel the policy and the premium will be refunded After the said free look period is over the fraudster will stop answering the victim d It is thereafter that the victim realises about the suspicious conduct of fraudster and reaches out to Bajaj Finance Ltd Bajaj Finance Ltd has alerted its customer through its social media handles to not to fall for such traps by fraudsters The post states Loan lenekeliye life insurance policy purchase karnazaroorihai Aur ye jhoothai Always remember that Bajaj Finance Ltd does not require you to make a compulsory purchase of any other products to avail a loan Dont fall into such traps Twitter twittercomBajajFinancestatus1430494743247478784 Bajaj Finance Ltd cautions its customers and the public at large that any person in need of loans should approach its nearest branch or check the companys official website at wwwbajajfinservin and never engage with any unofficialunknown intermediariesunidentified fraudsters Through various channels the Company is driving awareness initiatives against such fraudulent incidents and has mentioned clear directives on the loan availing and sanctioning process Bajaj Finance earlier launched SavdhaanRaheinSafeRahein a public awareness campaign across all its digital and social media platforms to educate people on various financial fraud risks The Company also released an animated infomercial campaign on YouTube called NajiNaji Online Fraud Se Bachein to spread the message around the growing incidences of financial fraud Apart from giving the message to its customers Bajaj Finance Ltd has also shared some safety tips for the publiccustomers to stay protected to name a few Always be careful while speaking with unknown callers offering instant loans Bajaj Finance Ltd does NOT require compulsory purchase of any other product as a condition for availing loan by an eligible customer Hence exercise caution against any such callscommunication Never transfer any money to strangersunknown callers offering lucrative deals and cashback Never share your mobile number EMI card number One Time Password OTP PANAadhaar details Address proof over callssocial media pagesinternete-mails Always verify Bajaj Finance related loan offerssocial media IDswebsite links on wwwbajajfinservin or directly from the nearest branch Never tag fraud accounts on social media for any of your queries Follow only our official pagesaccounts Refrain from downloading any third-party mobile apps or documents from any clickbait links sent on social media pages e-mails or SMS from unknown sources In addition to the cautionary message cautionary-notice-newpdf bajajfinservinon the website Bajaj Finance Ltd keeps alerting the public on social media pages through publishing cautionary information to help them understand the modus operandi of various scams ranging from social media frauds phishing attacks and clickbait fraud to ensure that customers stay alert and protect their money To know more about staying protected from financial frauds click here – wwwbajajfinservininsightsfraud-awareness About Bajaj Finance Limited Bajaj Finance Limited the lending arm of the Bajaj Finserv group is one of the most diversified NBFCs in the Indian market catering to more than 50 million customers across the country Headquartered in Pune the companys product offering includes Consumer Durable Loans Lifestyle Finance Digital Product Finance Personal Loans Loan against Property Small Business Loans Wallet Co-branded Credit Cards Two-wheeler and Three-wheeler Loans Commercial lendingSME Loans Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits Bajaj Finance Limited prides itself on holding the highest credit rating of AAAStable for long term borrowing A1 for the short term borrowing and FAAAStable for FD program It has also been credited for Long term issuer credit rating of BBStable and short-term rating of B by SP Global ratings for ECB To know more please visit wwwbajajfinservin Image Bajaj Finance Cautionary Message PWR PWR
