Ajeevak Nidhi Limited is a public company incorporated on September 17, 2022, in Patna, Bihar. It operates in the financial services sector, classified as a Nidhi Limited Company. The company has an authorized and paid-up capital of ₹10 lakh. Its current directors are Jitendra Paswan, Sushila Hembrom, and Rajnish Kumar. Ajeevak Nidhi Limited is registered with the Registrar of Companies in Patna and is currently active. As a newly established entity, it has not yet submitted its first full-year financial statements.

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 Ajeevak Nidhi 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 Ajeevak Nidhi Limited loan settlement

The process of settling a loan with Ajeevak Nidhi Limited is designed to be straightforward and transparent.

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

2. Assessment: The team at Ajeevak Nidhi Limited assesses the borrower’s financial situation and evaluates the feasibility of a settlement.

3. Negotiation with the lender: Ajeevak Nidhi 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 Ajeevak Nidhi Limited

Borrowers can gain significant advantages by opting for loan settlement with Ajeevak Nidhi Limited.

• Reduced financial burden: Settling a loan can reduce the total outstanding amount, easing the borrower’s financial strain.
• Professional negotiation: Ajeevak Nidhi 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 Ajeevak Nidhi 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 Ajeevak Nidhi 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 Ajeevak Nidhi Limited’s expertise to navigate complex negotiations with lenders.
• Communicate regularly: Stay in touch with Ajeevak Nidhi Limited’s team to keep updated on the progress of your settlement.

Eligibility criteria for Ajeevak Nidhi Limited loan settlement

Not all borrowers may qualify for a loan settlement with Ajeevak Nidhi 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.