Loan Linked with Life insurance

dashang

KF Rookie
Hello,
Recently i got call from Bajaj Finance telling about 0% interest loan but as colateral i need to buy life cover with some premium. is this a SCAM ?
 

wcgxlr8

KF Mentor
Most probably a scam because the 0% interest rate doesn't make sense. BF has a 'loan against insurance' product but the interest charged it between 12-24%. Also, never combine investments/loans with insurance (in my opinion).
 
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