Aham Housing Finance Private Limited is a private housing finance company incorporated on November 21, 2017. It operates primarily in Tamil Nadu, Andhra Pradesh, and Karnataka, with 20 branches. The company focuses on providing housing loans to underserved segments in lower-to-middle income categories. Its authorized capital is ₹40 crore, with a paid-up capital of ₹25.12 crore. As of December 31, 2023, Aham Housing Finance reported an asset under management (AUM) of ₹75 crore and maintained a healthy asset quality with a gross non-performing asset (GNPA) ratio of 0.63%.

For borrowers facing challenges in meeting their loan repayment obligations, Bajaj Finserv offers a seamless way to repay loans through its online platform. Customers can easily make payments via various methods such as NEFT, bank transfers, debit or credit cards, and mobile wallets. The process is designed for convenience, allowing users to manage their loan repayments effortlessly through the Bajaj Finserv app or website. With options for auto-debit and multiple payment methods, borrowers can ensure timely EMI payments without hassle.

Overview Aham Housing Finance Private Limited loan settlement

Loan repayment can sometimes become difficult due to unexpected financial setbacks. Bajaj Pay simplifies loan repayments, allowing users to settle their EMIs effortlessly. By utilizing the Bajaj Finserv 'BILLS AND RECHARGES' service, borrowers can repay loans through the Bharat Bill Payment System (BBPS), ensuring a secure and convenient experience. With various payment methods available, including credit cards, debit cards, UPI, and net banking, making payments is quick and hassle-free. Users receive instant notifications upon successful transactions, enhancing the overall repayment process.

Process for Aham Housing Finance Private Limited loan settlement

The process of settling a loan with Aham Housing Finance Private Limited is designed to be straightforward and transparent.

1. Initial consultation: Borrowers start by contacting Aham Housing Finance Private Limited and sharing their loan details. This includes information about the loan type, amount, repayment history, and financial constraints.

2. Assessment: The team at Aham Housing Finance Private Limited assesses the borrower’s financial situation and evaluates the feasibility of a settlement.

3. Negotiation with the lender: Aham Housing Finance Private Limited negotiates with the lender on behalf of the borrower. The aim is to reduce the outstanding amount or agree on a manageable repayment structure.

4. Settlement agreement: Once terms are agreed upon, a settlement agreement is drafted, outlining the new repayment terms. Borrowers need to review and agree to these terms before proceeding.

5. Payment completion: After the settlement terms are finalised, borrowers make the agreed payment to the lender, which clears the debt.

Benefits of settling loans with Aham Housing Finance Private Limited

Borrowers can gain significant advantages by opting for loan settlement with Aham Housing Finance Private Limited.

• Reduced financial burden: Settling a loan can reduce the total outstanding amount, easing the borrower’s financial strain.
• Professional negotiation: Aham Housing Finance Private Limited’s experts handle the negotiation process, ensuring favourable terms for the borrower.
• Avoiding legal complications: Loan settlements can prevent the escalation of issues into legal disputes, saving time and money.
• Improved financial health: Clearing debts through settlement can contribute to rebuilding creditworthiness over time.
• Stress-free resolution: Borrowers can focus on their financial recovery, knowing that experienced professionals are managing their loan settlement.

Tips for a successful Aham Housing Finance Private Limited loan settlement

To ensure a smooth and successful loan settlement process, borrowers can follow these tips:

• Be honest: Provide accurate information about your financial situation to Aham Housing Finance Private Limited for effective negotiations.
• Understand the terms: Carefully read and understand the settlement terms before agreeing to them.
• Plan payments: Ensure you have a plan to make the agreed payments within the settlement timeline.
• Seek professional guidance: Rely on Aham Housing Finance Private Limited’s expertise to navigate complex negotiations with lenders.
• Communicate regularly: Stay in touch with Aham Housing Finance Private Limited’s team to keep updated on the progress of your settlement.

Eligibility criteria for Aham Housing Finance Private Limited loan settlement

Not all borrowers may qualify for a loan settlement with Aham Housing Finance Private Limited. The eligibility criteria generally include:

• Existing loan: Borrowers must have an outstanding loan with repayment challenges.
• Financial hardship: The borrower should demonstrate genuine financial difficulty in meeting repayment obligations.
• Willingness to settle: Borrowers must be willing to negotiate and agree to revised repayment terms.
• Documentation: Necessary documents, such as income proof and loan statements, should be provided during the settlement process.

Each case is assessed individually, and eligibility depends on the borrower’s specific circumstances.

How to make loan repayment through the Bajaj Finserv website

To make your loan repayment on the Bajaj Finserv website, follow these steps:

1. Visit the Bajaj Finserv website

2. Navigate to the ‘PAYMENTS’ tab and click on ‘PAY NOW’ under ‘LOAN REPAYMENT’

3. Select your loan provider from the dropdown list

4. Input your loan number and click ‘PROCEED’

5. Choose your preferred payment method like credit card, debit card, Bajaj Pay UPI, or net banking

6. Fill in the required payment details

7. Review all details and click ‘PAY NOW’ to complete the transaction

You will receive a confirmation notification after successful payment.

Fees and charges

A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (including applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount, including charges except taxes, is reversed.