Bajaj Finserv EMI statement

EMI, or equated monthly instalment, is a facility designed by lenders to aid borrowers to repay their debts without any hiccup. Individuals pay a fixed amount every month to pay off their loans via the EMI. However, this amount can change under different circumstances.

When you pay an EMI, the lender generates a record against it, which is known as a statement. A Bajaj Finserv EMI statement here offers an insight into your regular payments and their particulars.

An EMI statement helps you stay on top of your debt and manage your finances accordingly. You can now access a document like this online through dedicated portals and mobile applications.

• Via the customer portal

Bajaj Finserv customer portal helps you download an EMI statement without any hiccups. Following are the necessary steps –

Step 1: Visit this My Account portal and log in using your customer ID or email ID, or if you prefer to log in using an OTP sent to your registered phone number, you have that facility as well.

Step 2: Navigate to the ‘Services’ section and click on ‘View Details’.

Step 3: Click on ‘E-statement’ to review your EMI details, or complete the Bajaj Finserv EMI statement download process, if required.

• Via the mobile application

You can also use the dedicated Bajaj Finserv mobile app to check and download an EMI statement. Here is a step-by-step guide –

Step 1: Download this mobile application on your mobile phone and finish the login procedure by entering the required credentials.

Step 2: Select the loan account you want to get an EMI statement of and click on ‘e-statement’ to get it.

Besides these online services, you can also get the Bajaj Finserv EMI statement offline. You can visit any nearest branch of Bajaj Finserv for this purpose.

Following are some notable benefits of accessing an EMI statement –

1. Provides a clear idea of the debt

An EMI statement offers a clear idea of your debts. You can learn more about your loan outstanding, remaining tenor, total interest paid, and other factors. Since it offers a consolidated view of your debt, it can also help you in financial planning.

2. Helps to plan finances

With an overview of the loan outstanding, this document plays a part in financial planning. You can plan your prepayment or foreclosure and save on interest payment with its information. Alternatively, if required, you can increase or decrease your EMIs to suit your convenience.

3. Tracking every payment

With a Bajaj Finserv EMI statement on loan, you can keep track of your repayment. Moreover, you can see the amount you pay towards interest and principal repayment.

4. Ease of access

Since a Bajaj Finserv e-statement is readily available online, you have the freedom to access it anytime and anywhere. The My Account customer portal further makes it easy to access this document whenever required.

A Bajaj Finserv EMI statement proves to be a handy piece of paper as it offers a concise overview of your total debt.