All about Bajaj Finserv Loan services

Learn about our digital customer services that can help you manage your existing loan with us.
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All about Bajaj Finserv Loan services
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5 min read
22 July 2023

Bajaj Finance offers a diverse range of unsecured and secured loan services tailored to suit your unique requirements. Whether you aim to fulfil personal aspirations or fuel your business growth, Bajaj Finance serves as a gateway to a plethora of financial solutions.

If you’ve borrowed a loan from us, Bajaj Finance also extends online loan services to help you manage your ongoing loan with us. Our digital loan service eliminates the hassle of branch visits allowing you to manage your loan on the go. managing the complexities of your loan has never been easier.

Bajaj Finance offers these do-it-yourself (DIY) loan services to manage your existing loan.

Check your loan details

You can check your loan details such as EMI amount, due date, rate of interest and more by using our digital customer services. This loan service helps you to keep track of the number of paid EMIs, the outstanding loan amount, and more.

View account statements and documents

Our dedicated section – Document Centre – gives you easy access to all documents related to your loan account. From loan account statement to repayment schedule, you’ll get all your documents in one place.

Manage your loan repayments with ease

You can part-prepay or foreclose your loan online with our multiple payment option. With our multiple payment options, you can also pay an EMI in advance or clear an overdue payment in just a few clicks.

Withdraw funds from your Flexi Loan account

You can withdraw funds from your available Flexi Loan limit anytime in just a few clicks. Use our online loan services and get funds in your bank account without any additional fee.

Update your bank account details

When you avail a loan from us, you register an active bank account to receive the loan amount. This designated account will be used for deducting your EMIs. In the event of a bank account change, you can update the new details with our online loan services.

You can explore these loan services by visiting our service portal. Follow these easy steps to sign-in and get started:

  • Click on the ‘Sign-in’ button on this page to visit our service portal.
  • Enter your registered mobile number and the OTP to sign-in.
  • Verify your details with your date of birth and proceed to use our loan services.

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You can also use these Bajaj Finserv loan services while you are on the move by downloading our app from the Play Store/ App Store.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.
For customer support, call Personal Loan IVR: 7757 000 000

Frequently asked questions

What types of loans are available through Bajaj Finserv loan services?

Bajaj Finserv offers a wide range of loans including personal loans, home loans, business loans, car loans, two-wheeler loans, loan against property, gold loans, and EMI-based consumer durable loans. Each caters to specific financial needs, allowing flexibility in repayment tenure, loan amount, and customised borrowing options.

What is the eligibility criteria for applying for a Bajaj Finserv personal loan?

Applicants must be Indian residents aged 23–58 years, with a stable income source. Salaried individuals require a minimum monthly income, while self-employed applicants need a consistent business income. A good credit score and minimal existing debt enhance eligibility, and applicants must provide valid identity, address, and income documentation.

How do I apply online for a Bajaj Finserv loan?

Visit the Bajaj Finserv website or app, select your preferred loan type, and fill out the application form with personal, income, and employment details. Upload the required documents, verify your details, and submit the form. You will receive updates via email or SMS regarding approval and disbursement.

What interest rates does Bajaj Finserv offer for home loans and car loans?

Bajaj Finserv offers competitive interest rates that vary based on loan type, tenure, and creditworthiness. Home loan rates generally start around 8–10% per annum, while car loan rates range between 9–12% per annum. Rates may differ based on tenure, loan amount, and promotional offers at the time of application.

How is the EMI calculated for Bajaj Finserv loans?

EMI is calculated using the principal loan amount, interest rate, and tenure. Bajaj Finserv typically uses the formula: EMI = [P × R × (1+R)^N]/[(1+R)^N−1], where P is principal, R is monthly interest rate, and N is total number of months. Online EMI calculators provide precise estimates.

What documents are required for Bajaj Finserv loan applications?

Essential documents include identity proof (Aadhaar, PAN, passport), address proof (utility bills, ration card), income proof (salary slips, bank statements, IT returns), and photographs. Self-employed applicants may need business registration, profit and loss statements, or GST returns. Specific loan types may require additional property or vehicle documents.

Can I get a loan top-up on my existing Bajaj Finserv loan service?

Yes, Bajaj Finserv allows eligible customers to apply for a loan top-up on existing loans. The top-up amount depends on the outstanding principal, credit score, and repayment history. Customers can apply online or via the app, subject to approval, offering additional funds without requiring a fresh loan application.

How long does it take to get loan approval and disbursement from Bajaj Finserv?

Loan approval typically takes 24–72 hours for salaried applicants, while self-employed applicants may require 3–5 days due to document verification. Once approved, disbursement can occur within 24–48 hours, depending on the loan type, bank processing, and completion of all documentation and formalities.

What customer support services are offered for Bajaj Finserv loan customers?

Bajaj Finserv provides dedicated customer support via phone, email, and chat for queries on application status, EMI schedules, prepayment options, top-ups, and document submission. Customers can also access the portal or app for self-service features, grievance redressal, and tracking loan accounts, ensuring prompt assistance throughout the loan lifecycle.

Does Bajaj Finserv provide loan insurance options with its loans?

Yes, Bajaj Finserv offers loan protection and insurance options to cover outstanding loan amounts in case of unforeseen events such as critical illness, accident, or death. This ensures financial security for borrowers and their families, providing peace of mind while repaying loans, subject to policy terms and eligibility criteria.

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