Recharge and Pay Bills
Fedbank loan repayment online
Fedbank Financial Services Ltd, commonly known as Fedfina, stands as a dynamic Non-Banking Financial Company (NBFC) specialising in providing loans for various needs, including gold, home, business, and loan against property (LAP). With a robust presence boasting over 573 branches across India, Fedfina is positioned to make a significant impact in the NBFC sector. The company obtained its NBFC license in 2010, solidifying its position as a reputable player in the financial services landscape.
Through the BBPS platform on Bajaj Finserv, borrowers can easily manage and repay their loans online, enhancing the overall banking experience with Fedfina.
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Other loan repayments across India
Bajaj Finserv also allows you to repay for other loan providers across India such as
Benefits of repaying Fedbank loan on Bajaj Finserv
Here are the benefits of repaying Fedbank loan using the BBPS platform on Bajaj Finserv:
- Quick and hassle-free
With the Bajaj Finserv BBPS platform, you can repay your Fedbank loan quickly and effortlessly.
- Safe and secure
Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures.
- Multiple payment options
The Bajaj Finserv BBPS platform offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.
- Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Types of loan by FedbankFedbank Financial Services provides a diverse range of loans to address the varied financial needs of its customers. These include:
Gold loan: A secured loan against gold ornaments and coins, where the loan amount is determined by the value of the pledged gold. The interest rate is typically lower than other loan types, with a flexible repayment period.
Home loan: Designed for purchasing or constructing a house, the loan amount is influenced by the property's cost. With a lower interest rate compared to other loans, the repayment period can extend up to 30 years.
Loan against property (LAP): A secured loan against a property, with the loan amount linked to the property's value. Boasting a lower interest rate and flexible repayment period, LAP provides financial flexibility.
Business loan: Geared towards financing business operations, the loan amount is determined by the business's financial requirements. While featuring a higher interest rate, the repayment period can extend up to 5 years.
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
- Quick and hassle-free
Steps to repay Fedbank loan online on the Bajaj Finserv app
You can repay a Fedbank loan online using the Bajaj Finserv app by following these steps:
- Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
- Open the app, log in, or register if you are a new user
- Go to ‘BILLS AND RECHARGES’
- Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
- Choose your biller from the drop-down
- Enter your loan number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Steps to repay Fedbank loan online on the Bajaj Finserv website
Here is how you can repay Fedbank loan online on the Bajaj Finserv website:
- Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
- Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
- Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
- Choose your biller from the drop-down
- Enter your loan number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Bajaj Finserv App for All Your Financial Needs and Goals
Trusted by 295 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Explore and apply for co-branded credit cards online.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
You can pay your Fedbank loan online via tha organisations website or third party platforms such as Bajaj Pay, the BBPS platform by Bajaj Finserv.
Yes, you can use the Bajaj Finserv app to make quick and convenient loan repayments. Simply log in to the app, select ‘Bill Payment’ under services, go to ‘Loan Repayment,’ and follow the prompts to complete your payment.
To confirm your loan payment, you can:
Check your loan account statement through the FedMobile app or the bank’s online portal.
Look for a confirmation message or email from the bank after the payment is processed.
Contact Fedbank customer service if you need further verification.
If your loan payment fails, you should:
- Check your account balance and payment details to ensure they are correct.
- Retry the payment after some time.
- Contact Fedbank customer service for assistance and to understand the reason for the failure.
- Consider using an alternative payment method if the issue persists.
For offline payment options, you can:
Visit any Fedbank branch and make the payment in person.
Use Fedbank ATMs to make loan payments.
Send a cheque or demand draft to the nearest Fedbank branch.
